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  • ( ) Capital One 'Pulling Back' Lending: Fourth-Quarter Profit Falls on ...

    Capital One, reporting a growing number of loans gone bad, said yesterday that it was pulling back on its lending activities as it enters a highly uncertain year.

    The McLean company reported yesterday that profit in the fourth quarter came in 42 percent below the comparable period in 2006, as defaults and delinquencies rose. 'We're really seeing a consumer-led worsening' of the economy, Capital One chief executive Richard D. Fairbank said in a conference call. 'Nobody knows how bad this environment will get.' Capital One has been closely watched for clues to how the troubles in the mortgage industry would spread to other kinds of lending. It is the nation's largest independent credit card issuer and also makes auto loans and has bank branches around the country. 'They are certainly signaling it's going to get worse in the near term,' said Christopher Brendler, an analyst at Stifel Nicolaus. More>>

  • ( ) Police look for credit card thief

    COLUMBIA — The MU Police Department is asking the public for help in identifying a man suspected of using stolen credit cards.

    The man used stolen MFA Oil credit cards at different Break Time stores in Columbia and Tipton, said Capt. Brian Weimer. At least four credit cards were used to make over $4,000 in fraudulent purchases, Weimer said. The stolen credit cards have been active since December.

    Investigators request that anyone with information call Detective Vernon Gerling at 884-2605 or CrimeStoppers at 875-TIPS.

    To view surveillance photographs of the suspect click here.

    . More>>

  • ( ) Infonox Opens New Office, Extends Management Team and Announces Strong ...

    AM SUNNYVALE, Calif., Jan. 25 /PRNewswire/ -- Infonox, a leading provider of Software as a Service (SaaS) financial products has expanded its business operations with the opening of an office in Englewood, Colorado. This office will support Infonox's expanding Client base of major bank and non-bank financial institutions and transaction processors.

    Infonox is also pleased to announce the addition of Dean Seifert, EVP, Product Management & Strategy, to the executive management team. Dean Seifert brings with him more than 15 years of financial services industry expertise in money transfer, banking services, bill payment, prepaid cards, financial instrument issuing and government payments.

    Safwan Shah, the CEO and President of Infonox said, 'Infonox has entered a rapid 3 digit growth phase in its core technology offering. More>>

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