Discover's lawsuit this week against Visa stems from years of practices that have their root in the Durbin amendment's debit-routing mandates, and Visa will likely have several ways to counter its rival's allegations.

The CFPB's proposed requirements threaten to trap next-generation digital wallets and cryptocurrency innovations in a consumer protection regime narrowly tailored to the unique characteristics of reloadable prepaid cards.

Most people don't like reading the fine print. That's a problem when there is important information and money on the line. That is precisely why the financial services industry must change the way that product disclosures are designed.

Back in the early 2000s, it was considered risky for credit-card companies to lean heavily on their websites to sign up new customers. The perception was that people who were scouring the Web for credit offers tended to be desperate and unreliable.

A week after making Discover the first credit card offered in its mobile bill-pay service, PreCash Inc. has already seen a spike in the use of Evolve Money, which previously accepted only debit cards.

WASHINGTON — The Consumer Financial Protection Bureau is set to go beyond industry expectations when it unveils a long-awaited proposal Thursday that would establish new requirements for prepaid cards.

JPMorgan Chase said it's on track to eliminate 3,000 more jobs this year than previously forecast in its mortgage and credit card divisions.

Staples Inc., the world’s largest office-supply chain, is investigating a potential breach of customer credit-card data, becoming the latest retailer to confront a threat from hackers in recent months.

Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials.

The bankers involved don't want to talk about it. But listen closely and read between the lines, and you can see why they might be willing to sacrifice some fees to participate in Apple's mobile payment platform.

Fair lending is a key consideration for any consumer lending program. According to the "effects test" or disparate impact doctrine used by the Consumer Financial Protection Bureau, credit card issuers must avoid not only direct, intentional discrimination but also practices that have the effect of discrimination.

WASHINGTON — The Consumer Financial Protection Bureau issued a warning Wednesday to credit card companies that use deceptive marketing to mask hidden charges within promotional interest rates.

The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats.

After two years of slimming down, Capital One Financial (COF) is finally seeing growth in its U.S. credit card loan portfolio.

Associated Banc-Corp (ASBC) has acquired $100 million in credit card receivables tied to the Green Bay, Wis., company's customers.

U.S. consumers, whose use of revolving debt fell by more than 15% once the Great Recession hit, are finally re-embracing the credit card.

The number of U.K. credit cards with balances that are over-limit reached its lowest point in more than two years, according to data from Fair Isaac Corp. (FICO).

U.S. consumers are becoming less wary of the credit card than they were in the wake of the Great Recession.

Analytics of consumer payments data has transformed the ways credit card companies understand and engage their customers and prospects.

After alerting its customers in January that its arts and crafts store chain had suffered a potential data breach, Michaels Stores Inc. confirmed last week that at least 2.6 million cards may have been affected.