Victoria Finkle

Citigroup (NSYE: C) is rolling out a pilot program with Carrington Capital Management that would allow several hundred distressed homeowners to stay in their homes as renters.

Former Bank of America (BAC) executive Marc Gordon has been appointed executive vice president and chief information officer at American Express (AXP), the credit card company announced Tuesday.

Consumer use of prepaid cards is incredibly varied, relatively short-lived and full of mystery, finds a report released Tuesday by the Philadelphia Fed.

JPMorgan Chase has appointed Eileen Serra the CEO of card services. She benefited from an ongoing executive shake-up and experience with affluent customers — a hot market for the evolving cards industry.

Eileen Serra, a card executive for mass affluent and high-net-worth customers at JPMorgan Chase (JPM), has been appointed chief executive officer of its card services unit, the company announced Monday.

The prepaid provider NetSpend is projecting an increase in revenue in the second half of the year as it aims to grab additional retail business from its chief rival.

A shakier global economy and increased rebate and incentive payments have raised concerns about the card giant's growth prospects for the remainder of 2012.

John MacIlwaine, a former Visa executive, has been named the chief technology officer at the Lending Club, an online lending platform.

As banks scramble to recoup lost income, TCF Financial's (TCB) strategy to remove monthly fees from some checking accounts could be a key test of the free checking model.

So much for infamy by banking scandal. A large majority of the public has no clue that Jamie Dimon is the CEO of JPMorgan Chase, and a surprising number of folks who guessed think he's a daredevil motorcyclist.

Credit unions offer the lowest interest rates for rewards-based or platinum credit cards, according to a new analysis by SNL Financial.

The National Grocers Association has joined other retailers including Wal-Mart (WMT) and Target (TGT) in voicing opposition to a recent agreement between merchants, Visa (NYSE:V) and MasterCard (MA) and a number of large banks over credit card swipe fees.

The revolving door continues to spin at prepaid company Green Dot (GDOT) following two more high-profile exits.

Visa's international business is taking on increasing importance as the card network adapts to legal and regulatory threats at home.

Visa (NYSE: V) swung to a loss of $1.8 billion in the third quarter, as it paid its portion of a $6 billion settlement agreement with retailers that was announced earlier this month.

The card giant will devote more than a quarter of its marketing budget this fiscal year to its sponsorship of the London games and related activities and company officials insist it is worth every penny.

An analysis from Keefe, Bruyette & Woods concludes that many more retailers would need to withdraw from the settlement with Visa and MasterCard to trigger a termination clause.

A bipartisan bill that would permit regulators to grant federal charters to nonbank consumer lenders is being met with fierce resistance — particularly from regulators themselves.

As banks try to raise revenue and improve their reputations, they are shaking up their relationships with the "mad men" of Wall Street, testing out new advertising to help refurbish their brands.

Dr. Daniel Vasella, chairman of multinational pharmaceutical company Novartis, has been named to the board of directors at American Express (AXP).