Credit cards
Credit cards
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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 -
A $5.7 billion settlement by Visa and MasterCard was rejected by an appeals court in New York, potentially renewing years of litigation with U.S. merchants over allegations that credit-card swipe fees were improperly fixed.
June 30 -
The credit card industry's switch to microchips has improved security, but fraudulent online purchases remain a big vulnerability. A new credit card company called Final, which launches Wednesday, is aiming to fix that problem.
June 29 -
The court's decision to return Madden v. Midland Funding to a lower court leaves unresolved a number of important questions for marketplace lenders and other parts of the consumer-finance industry.
June 27 -
Kroger is suing Visa, alleging the network threatened to raise fees and cut off the supermarket chain from accepting its debit cards.
June 27 -
In a setback for the U.S. consumer finance industry, the Supreme Court said Monday that it will not review a lower court's decision that bolstered the ability of states to enforce bans on high-cost lending.
June 27 -
Class action lawsuits are supposed to promote judicial efficiency, yet they mostly benefit plaintiff's lawyers while providing little for the people who are actually in the class.
June 27 -
WASHINGTON More than fifty state bankers associations have rallied behind legislation from Rep. Randy Neugebauer, R-Texas, to repeal caps on debit interchange fees.
June 24 -
Costco customers have deluged the retailer's Facebook page with hundreds of complaints about a new credit card from Citigroup, saying they endured lengthy wait times and had trouble activating accounts.
June 23 -
Consumers deserve disclosure and the protections enjoyed by payroll card users, but it is critical that regulations do not put providers out of business.
June 21 - Michigan
Ally Financial has introduced its first credit card, as the online bank continues to add products to complement its staple car loans and online bank.
June 16 -
Visa appealed to the public as it responds to Walmart's decision to stop accepting the network's cards in Canada, accusing the retailer of "unfairly dragging" millions of shoppers into private negotiations over card fees.
June 16 -
Stonegate Bank in Florida has introduced a credit card that its customers can use in Cuba. In doing so, the $2.5 billion-asset bank, in Pompano Beach becomes first U.S. bank to make credit cards available for use in the Caribbean island nation.
June 15 - PSO content
Credit card issuers were among the worst performing U.S. stocks Tuesday after Synchrony Financial said it expects higher write-offs within the next year as consumers struggle to repay loans.
June 15 -
Synchrony Financial said Tuesday that it is expecting loan losses to rise over the next year as more consumers struggle to pay off their credit card balances.
June 14 -
According to a study released this week by the marketing analytics firm Bug Insights, the annual fee is by far the No. 1 reason why card users would change providers.
June 10 -
Many financial criminals are switching to a more sophisticated kind of identity theft in which they open accounts based on stolen identities, or on composites of information stolen from different people.
June 9




