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Issuers should develop strategies to make their account the primary one in a consumer's existing wallet and on new payment tools offered by companies like PayPal or Square.
August 28
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The rate at which lenders declare credit card loans uncollectible ticked up at four of the six largest issuers in July from the previous month.
August 28 -
The number of open retail credit card accounts in the U.S. has reached heights not seen since the end of 2009.
August 28 -
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BB&T (BBT) will close 21 branches as it works to ingrate the recently acquired BankAtlantic into its operations.
August 27 -
S&T Bank in Indiana, Pa., has expanded its commercial loan business into northeast Ohio by opening an office in Akron.
August 27 -
The Paramus, N.J., thrift decided to sell itself to M&T for a relatively low price rather than keep trying to overcome its reliance on low interest rates. That was bad news for the countless small banks attempting similar reboots.
August 27
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The Office of the Comptroller of the Currency has issued an enforcement order against Citizens First National Bank that requires the Princeton, Ill., bank to become adequately capitalized or sell itself.
August 27 -
Most of the program's participants are increasing business loans, though some are having to reduce lending rates to book the best loans.
August 27
