interest

UK Government and the “new deal” with credit card companies

June 20, 2010 Carsten Lexa Leave a comment

By: Carsten Lexa In 2009 there were about 30 million credit card holders in the UK, holding about 58 million credit cards, down from 66 million credit cards in 2008. Beyond that, total household debt in the UK has reached a level of 1400 billion pounds sterling, of which 55 billion pounds sterling is on credit cards. When loooking at

Banking, debt, Government Policy

“Secrets“ about the US credit card business

August 13, 2009 Carsten Lexa 2 comments

By: Rechtsanwalt (Attorney) Carsten Lexa, LL.M. I´m not sure whether the following are really “secrets”. Very likely they are not. But they are definitely not commonly known – even to US-Americans, who use, on average, about 8 credit cards per person. Especially the Germans always wonder about the problems the US-Americans have with credit cards and how it is possible

Banking, Capital Markets, Commercial, Commercial Awareness, Contracts, Economy