Eileen Serra, 61, the chief executive of the Chase Card Services unit, will step down in January and become an adviser to the company on growth initiatives, according to a memo Wednesday from Gordon Smith, JPMorgan's CEO of consumer and community banking.

Eileen Serra is stepping down as chief executive officer of JPMorgan Chase's credit-card business and will be replaced by Kevin Watters, who is currently head of mortgage banking.

WASHINGTON — More than 442,400 consumers were affected by the Oct. 12 glitch that froze RushCard users' funds after a payment processor switch, the company told lawmakers.

The debate over whether signatures or PINs are a stronger security feature overlooks the fact that neither is the most important defense against fraud.

In a report assessing the impact of a 2009 reform law, the agency cited concerns on debt collection, deceptive rewards programs and so-called deferred interest products.

A federal appeals court has ruled that Visa and MasterCard were coerced by law enforcement into cutting ties with a website that runs sex-related ads. The decision is a powerful statement in the debate over how far government officials can go in enlisting financial institutions as their deputies.

Auto-loan, commercial-mortgage-backed and other securitizations use what is known as the swaps curve to price floating-rate deals. But pricing volatility is causing some to ask whether the market should go back to Treasuries after a 15-year hiatus.

The Bank for International Settlements acknowledges that people may have legitimate reasons to prefer an anonymous payment system.

Class-action lawsuits filed against some of the biggest names in retail banking and payments could prompt financial firms to reconsider their relationships with customers that play fantasy sports.

Evidence points to thousands of arbitrations for individual claims in recent years, and there likely would have been more if not for negative publicity about arbitrations.

Stonegate Bank in Pompano Beach, Fla., has begun offering a MasterCard debit card for use by U.S. citizens while traveling in Cuba.

Charles Cawley, who founded MBNA and built it into an affinity credit-card empire that was sold to Bank of America for $35 billion, has died. He was 75.

The American Action Network's provocative television commercial introduced millions of Americans to one of the most powerful and unaccountable government agencies in Washington.

A group of attorneys general from eight states and the District of Columbia have jumped into the debate over PIN versus signature requirements for EMV cards, choosing the side of retailers.

Industry advocates say Consumer Financial Protection Bureau curbs on arbitration will eliminate a favored legal option, but where's the evidence that banks really prefer arbitration?

MasterCard has made a series of changes to its executive slate, including the appointment of a chief information officer.

Central Bank of Kansas City in Missouri has agreed to issue prepaid cards for Cachet Financial Solutions in Minneapolis.

Buying stolen data is an effective way for banks to determine the source of a breach. But fraudsters are increasingly putting up roadblocks because such deals might make it tougher for them to break in next time.

The Consumer Financial Protection Bureau's implementation of the statute banning "abusive" conduct through enforcement action instead of rulemaking is not sustainable.

Florida overturned a ban on credit card surcharges on the grounds that it violates merchants' free speech. Some lawyers doubt that this unusual strategy has legs, but it has worked in a surprising number of courts.