Lawsuits can be costly and time-consuming for all parties, so many plaintiffs’ attorneys are now trying to win quick settlements for their clients by bombarding banks with letters simply threatening them with lawsuits. One plaintiffs’ attorney admits to sending 250 such letters a month.

The growth that followed the turnover of Costco's payment cards from American Express has been greater than expected, according to the bank.

Citigroup in early December added its 1 millionth new customer to the Costco card portfolio it acquired earlier this year.

President-elect Trump has a number of options to change the Consumer Financial Protection Bureau and its leadership, but each moves carries at least some risk.

JPMorgan Chase & Co.’s new Sapphire Reserve credit card will reduce the bank’s profit by $200 million to $300 million in the fourth quarter, according to Chief Executive Officer Jamie Dimon.

Wells Fargo's retail bank trends in November were probably similar to those in the previous month, CEO Tim Sloan said Tuesday at an investor conference in New York.

JPMorgan Chase's new Sapphire Reserve credit card will reduce the bank’s profit by $200 million to $300 million in the fourth quarter, according to CEO Jamie Dimon.

Canadians have a simple message for the U.S. credit card industry: Don't fiddle with our rewards programs.

Alliance Data Systems, a Texas-based card issuer, has scrapped plans to let rewards points expire after customers north of the border revolted.

Mastercard cardholders in the U.K. will soon have the ability to choose a financing option for scheduled payments when making a purchase at a Verifone point of sale terminal accepting the new application.