Credit cards
Credit cards
- PSO content
An analysis of bankcard trends from the second quarter ended June 30 showed a 21% year-over-year increase in bankcard origination volumes, equating to a $12 billion increase in new bankcard limits issued.
September 19 - PSO content
Card issuing banks need to become more creative in how they market and establish various features, or else a growing consumer trend toward debit cards will get even stronger, a new study suggests.
September 17 - PSO content
Capital One Financial Corp. reported delinquencies rose in August compared with July for both its U.S. and international credit card operations.
September 16 - PSO content
JPMorgan Chase & Co. may settle regulators probes into the banks credit-card debt collection practices and sales of identity-theft products as early as next week, said two people with knowledge of the matter.
September 11 -
Citi has completed its purchase of electronics retail giant Best Buy's U.S. credit card portfolio from Capital One.
September 9 - PSO content
Seven card-issuing banks can sue Heartland Payment Systems Inc. for negligence stemming from the processors 2008 data breach, the 5th U.S. Circuit Court of Appeals ruled this week.
September 6 - PSO content
Lawyers for clothing retailer Genesco Inc. last week requested summary judgment on its request to dismiss $10,000 in data breach fines from Visa Inc.
August 29 - PSO content
Alliance Data Systems Corp. reported that net chargeoffs on its private-label credit cards fell slightly in July while delinquencies edged up from a year earlier.
August 16 - PSO content
Overall consumer credit in the U.S. jumped $13.8 billion in June even as revolving debt, primarily credit card spending, fell by $2.7 billion. That drop followed a $6.4 billion jump a month earlier, the largest of the year, according to Federal Reserve figures.
August 8 - PSO content
Wells Fargo & Co. will tie up with American Express Co., the worlds biggest credit card issuer by purchases, to offer cards accepted on American Expresss network of merchants.
August 7 - PSO content
MasterCard Inc. reported profit that beat analysts estimates as spending on credit and debit cards rose. Shares gained in early trading.
August 2 -
The Federal Trade Commission has charged an operation that sells credit and debit card payment processing services to small businesses with violating federal law.
August 2 - PSO content
Consumers with the ability to pay larger amounts than the minimum payment due on their credit cards had much lower delinquency rates on not only their cards, but also their auto loans and mortgages, according to a new TransUnion study.
July 31 - PSO content
The San Francisco bank has temporarily stopped selling defaulted consumer debts to collections agencies. Its move follows a more drastic pullback by JPMorgan Chase and a regulatory crackdown on the collections industry.
July 29 - PSO content
Capital One Financial Corp. saw charge-off rates for its domestic credit card business fall to the lowest mark since the bank acquired HSBC's card business last year.
July 25 - PSO content
Discover Financial Services experienced fewer credit card delinquencies in the second quarter ended June 30, as well as growth in its online bank, leading to a boost in quarterly profits to $602 million.
July 24 - PSO content
Alliance Data Systems Corp. reported chargeoffs for private-label credit cards the company oversees were down a tick in June and delinquencies were flat from the year-ago period.
July 16 - PSO content
A report breaking down credit card debt by state lists Mississippi as having the nation's highest card delinquency rate in the first quarter ended March 31.
July 12 -
Major banks face a wave of state investigations into sales of defaulted credit card debt. Now the banks may be facing an even more pressing challenge from their primary federal regulator, the Office of the Comptroller of Currency.
July 2 -
JPMorgan Chase (JPM), which is bracing for a crackdown over its credit card debt collections practices, is trying to give regulators less ammunition.
July 1


