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Nervous creditors put squeeze on small businesses
As a growing number of consumers struggle to pay down debt, banks and credit card companies are slashing available credit limits to reduce the amount they would lose if customers can’t pay up. American...
View ArticleBreaking Bank of Smithtown
By Jessica DiNapoli and Claude Solnik, with additional reporting by Ben Abelson Read a related story about Brad Rock’s compensation package here. At a bankers’ convention in Manhattan in 2003, Brad...
View ArticleLending cap debate stalls
The U.S. Senate put off a vote this week on a controversial bill that would significantly expand commercial lending for the nation’s credit unions. The delay, until at least July, comes as the National...
View ArticleCourt lowers ‘swipe fees’ for debit cards
A federal judge struck down a government cap on the fees banks can charge merchants for handling debit card purchases.
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