The American debt crisis has reached a new high, with household debt passing $15 trillion for the first time in the third quarter, according to the New York Federal Reserve.

Spanish Prosecutors want a four-and-a-half year jail sentence for Rato, also a former deputy premier for the ruling People’s Party.

The Central Ban of Iran (CBI) has for the first time introduced the country’s first credit cards that have been devised based on Murabahah Islamic financing structure.

Iran is about to introduce credit card services processed by global payment operator MasterCard for the first time, Communications Minister Mahmoud Vaezi says.

Iyzico – a Turkish credit card company – has announced a deal with Iran to operate in the country.

Pentagon officials have been caught red-handed using the agency’s credit cards for personal spending on gambling and “adult entertainment”, a report says.

In Spain, 83 former directors of the banking conglomerate known as Bankia have been accused of misusing company credit cards. One third of the ex-directors have appeared before the national high court. Bankia was bailed out by the Spanish government in 2012 and thus became partially nationalized. More in this report.