post — Christopher Espinoza @ 9:41 pm — post Comments (0)

“Thousands of people flooded into credit unions and small banks over the weekend as part of Bank Transfer Day, an effort to prod depositors to abandon giant banks. But at least some of the big banks wont mind losing those customers.”

“Credit card issuers are bumping up their rewards for the holiday shopping season as they seek to lure consumers away from debit cards and competitors. For shoppers with decent credit scores, this can provide the opportunity to pick up extra cash or miles while they do their gift shopping.”

“The $7.4 billion jump was more than forecast and followed a $9.7 billion decrease the previous month, Federal Reserve figures showed today in Washington. Credit was projected to rise $5.2 billion, according to the median forecast in a Bloomberg News survey.”

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