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Discover Financial Services may be having more success than its peers in getting consumers to revolve balances from month to month — which is where more profits lie.
June 19 -
Each day, the payments industry receives signals that consumers are happier using a contactless card system to pay transit fares than they are using the cards in stores.
June 19 -
Turning a phone into a credit card reader is no longer anything special. Square, facing increasing competition from bigger rivals, is adding features to its small plastic card reader to make it a more fleshed-out product for merchants.
June 19 -
Alliance Data Systems (ADS) in Dallas announced Tuesday that it is buying the credit card portfolio of the retailer Bon-Ton Stores.
June 19 -
BB&T, Webster and TCF announce redemption plans and other regionals are likely to follow in advance of new capital rules that take effect Jan. 1.
June 19 -
Consumers will be able to review complaints against individual credit card lenders through a new CFPB database.
June 19
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In a positive sign for bank stocks, Russell Investment Group has added 25 banks to its index of 3,000 publicly traded companies while removing just three banks from its influential list.
June 19 -
Jacksonville Bancorp (JAXB) in Florida announced Monday that its president and chief executive, Price W. Schwenck, has retired and that its board has named veteran banker Stephen C. Green as his successor.
June 19 -
A funny thing is happening to the market value of mortgage servicing rights: as this volatile asset class continues to wane in price, there's now less of it out there in the world—a lot less compared to the peak of two years ago.
June 19 -
Single-family housing starts rose in May for the third straight month while multifamily activity fell 24% from April's construction pace.
June 19
