Mastercard has hired Michael Froman, who was a top trade adviser to former President Obama, as the card brand’s vice chairman and president of strategic growth.

Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday.

Retail banking chief Christian Sewing will become CEO immediately; higher deposit rates could trim lending margins as banks head into earnings season.

Ann Cairns has been named vice chairman at Mastercard, effective June 1, moving on from her role as president of international markets for the card brand.

The "Global Good Card" from Summit Credit Union has donated nearly $12,000 to the Worldwide Foundation for Credit Unions, and one person leading the charge says the program can easily be exported to other CUs.

New York state's pension funds are urging credit card companies to consider following Citigroup's lead in cracking down on gun sellers.

Late-payment rates at banks declined in nine out of the 11 consumer loan categories tracked by the American Bankers Association, including credit cards, auto loans and personal loans.

The threat that mobile would displace plastic never came to be. But the new technology — often developed by retailers and other nonbanks — nevertheless forced issuers to take stock of their own offerings.

Uber is clearly doing more to get into payments, but is hampered by a heavy regulatory burden and self-inflicted wounds to its brand.

The fintech is partnering with WebBank to offer a normal-rate, unsecured credit card for people with no credit or a thin file. Petal will consider how much money consumers make, the bills they pay on a monthly basis, and trends in volatility in their income and expenses.

Bank of America is giving its small-business credit card customers some of the key features of the credit card rewards it offers consumers.

The information collection effort is consistent with acting CFPB Director Mick Mulvaney's efforts to set the agency on a more pro-industry, anti-enforcement course.

Robert Selander was named an independent director of the embattled credit bureau, which is still trying to regain public confidence after a huge data breach last year.

Visa has appointed Marcello Baricordi as general manager for Middle East and North Africa, replacing Ihab Ayoub, who has left the company for personal reasons.

Affirm Inc., a startup from PayPal co-founder Max Levchin, is going after millennials with a new kind of credit card alternative that only exists online.

The e-commerce giant is muscling its way into a number of businesses that banks have long dominated.

The country’s ratio of household debt to disposable income reached a record 171% in 2017.

Amazon.com is planning to offer a credit card to U.S. small-business customers, furthering its push to supply companies with everything from reams of paper to factory parts, according to people with knowledge of the matter.

A motivating speech from a female executive at the Ogilvy ad agency 15 years ago helped steer Denise Pickett to new heights at American Express. As did having a family willing to move to the U.S. from Canada.

To accomplish what she has in her 10-year tenure with Mastercard, Dana J. Lorberg simply had to be two things: "I am a programmer and a girl geek."