As growth in the credit card industry has stalled nationally, a group of small issuers have kept their foot on the gas.
Credit available on payment cards slipped another $9 billion in the third quarter to $2.8 trillion, according to data from the Federal Reserve Bank of New York. Meanwhile, lenders like SunTrust (STI) and Fifth Third (FITB) posted annual growth rates of 10% or more in their relatively small card operations, as measured by the sum of outstanding loans and unused lines. (Use the dropdown in the graphic below to select an individual institution or to see national aggregates. Text continues below.)