Consumers' spending and payment behaviors were "holding very firm" despite inflationary pressures, Synchrony Chief Financial Officer Brian Wenzel said at the Barclays Global Financial Services Conference.

Increased costs, a limited consumer pool and churn are pressuring the financial institutions that are competing in the luxury card market.

President Donald Trump said that he supported capping what he called "out-of-control credit card swipe fees" at the Republican midterm convention in Dallas. Wednesday's comments mark the third time the president has said he supported the Credit Card Competition Act.

Amex, Capital One and Chase are outperforming airlines in airport lounge customer satisfaction. New entrants in the premium travel card space are opening their own lounges to compete.

Thomas Eide's CB Surety ran small charges on prepaid cards to dilute clients' charge-back ratios, keeping open the accounts banks would have closed.

Citi's pending purchase of the rewards fintech is a pivot in the way the $2.9 trillion-asset bank thinks about its points program and comes at a time when interchange is under fire.

At a time of rapidly rising prices, a number of credit-card companies are offering perks for buying gas, groceries and other basic necessities. The cards represent an opportunity for issuers, but also potential pitfalls.

Bread Financial's point-of-sale installment loans, called Bread Pay, helped drive the lender's credit sales amid a wider earnings beat.

Capital One Financial executives on Tuesday provided updates on the company's integration of its recent acquisitions of Discover Financial Services and payments-focused fintech Brex.

Synchrony Financial joined the chorus of banks that were enjoying the healthy credit cycle as consumers maintained discretionary spending despite ongoing affordability concerns and persistent inflation.

The U.K.-based bank renewed its longest tenured co-brand program, which has been running for more than 20 years, for another decade. The renewal will help the bank expand its consumer banking portfolio.

A breakout month by the company's newly acquired investment banking subsidiary, BTIG, added nearly $100 million of revenue during the second quarter.

The Consumer Financial Protection Bureau is preparing to request information from credit-card issuers about their late fees. The renewed interest in late fees is a surprise, given the agency last year sided with the banking industry to kill a Biden-era rule that would have dropped the charges from $32 to $8.

Multiple states are testing the ability of federal banking regulations to preempt state laws. If they succeed, a core pillar of the U.S. economy — the dual banking system — could begin to crumble.

Arbitrary financial regulation "cliffs," such as the one imposed by the Durbin Amendment, create incentives that distort decision making. Congress should step in and reform the various measures that rely on such imprecise triggers.