Credit cards
Credit cards
-
American Express Co., the biggest U.S credit-card issuer by purchases, said second-quarter profit rose 37 percent as customers increased spending and the company booked a $1 billion gain from the sale of its Costco Wholesale Corp. portfolio.
July 20 -
Amalgamated Bank and Banco Popular, financial institutions with niche appeal, are rolling out national online platforms, calling into question what it means to be a community bank today.
July 20 -
Profits rose nearly 3% at Discover Financial Services in the second quarter thanks to solid loan growth and a one-time tax benefit.
July 19 -
Keefe Bruyette & Woods and Nasdaq have launched an index that tracks fintech companies.
July 19 -
Citigroup executives were at pains to explain the benefits and challenges of a new partnership with Costco that has netted the bank millions of new credit card customers but also added to its cost burden in the second quarter.
July 15 -
Lobbyists for the credit union industry are decrying a proposal to limit forced arbitration clauses despite ample evidence that credit unions dont use such clauses in the first place.
July 14 -
Congress should abandon the idea of repealing a section of the Dodd-Frank Act that has helped make pricing for payment processing more competitive.
July 14 -
Nearly half of U.S. consumers say they have been hit by credit card fraud within the last five years, and those breaches are becoming more commonplace, according to a survey released Tuesday.
July 12 -
The sharp fall in gas prices early this year helped U.S. consumers to stay current on their credit obligations during the first quarter.
July 7 -
The decision by a federal appeals court to toss out a blockbuster settlement between retailers and the card networks could re-expose some banks to legal liability and threaten their already challenged interchange income.
June 30