Discover Financial Services

Through an arrangement with First Data and JCB International, Discover will expand its card acceptance at merchant locations in Hong Kong to better accommodate travelers carrying Discover cards.

The late-payment rate on loans frequently used to consolidate credit card debt hit its highest level in more than four years.

The San Francisco firm is the latest U.S. lender to tighten credit standards amid concerns that consumers are shouldering too much debt.

As more loans go bad across the credit card industry, the Riverwoods, Ill.-based company boosted its provision for loan losses by 51%.

Diane Offereins manages relationships with 1,000 merchants and 3,300 financial institutions.

The Equifax breach has millions of Americans now thinking about freezing their credit to guard against identity theft. But those who act could be cutting themselves off from the nation's vast credit economy.

The 3-year-old order was related to Discover Bank’s programs for combating money laundering. A related agreement with the Federal Reserve Bank of Chicago remains in effect.

Credit card issuers have been trying to outdo each other to offer the best rewards program. And it shows, as customer satisfaction rates with many (but not all) of their banks have never been higher in a yearly J.D. Power study. But they may not last forever.

Banks are going to great lengths to sign up the so-called mass affluent for their credit cards. How far is too far?

The Riverwoods, Ill., company is trying to assure Wall Street that its higher chargeoff rates signal a return to normalcy, rather than a cause for alarm.