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Until recently, the card network generally prohibited its retail partners from offering special deals to customers that paid with a specific bank's credit or debit card. But Visa quietly lifted the ban on Feb. 1, paving the way for retailers to cut deals with card issuers, according to Visa group president of the Americas William Sheedy.
February 22 -
The payments network will now allow merchants to offer discounts to customers who use specific cards, as new CEO Charles Scharf rethinks how Visa does business.
February 22 -
Observers say it's unlikely Congress will be able to strike a deal to stop across-the-board budget cuts from going into effect next week, raising concerns for bankers and regulators alike.
February 22 -
The chip-and-PIN version of PayPal's Here mobile card reader is set to debut overseas this year, but the splash will be felt in the U.S. as well.
February 22 -
The Consumer Financial Protection Bureau has shown interest in the student loan marketplace, noting its potential to cause systemic problems, and the agency wants to assist struggling student borrowers.
February 22
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The Financial Stability Oversight Council was created as part of the 2010 Dodd-Frank reform law to identify risks and respond to emerging threats to financial stability. The FSOC exercised its authority for the first time last November, when the council issued recommendations to the Securities and Exchange Commission regarding the regulation of money-market mutual funds.
February 22 -
The number of community banks under enforcement actions fell in January, as the Federal Deposit Insurance Corp. ended 16 orders and issued five on the month.
February 22 -
JPMorgan Chase (JPM) is raising another round of questions about a lawyer who works for the New York attorney general, which has sued the company over the mortgage conduct of Bear Stearns.
February 22 -
The Federal Reserve Board said Friday it will give stakeholders more time to comment on a proposal that would overhaul the way the U.S. central bank supervises foreign banks operating in the U.S.
February 22 -
The National Grocers Association said its board voted to opt out of a multibillion-dollar antitrust settlement with Visa Inc. and MasterCard Inc. over merchant fees.
February 22
