The Federal Trade Commission shut down an operation, pending trial, that allegedly tricked consumers into paying hundred of dollars based on empty promises of lower credit card interest rates.

TransUnion released its annual forecasts Wednesday on two primary consumer credit variables - credit card and mortgage delinquency rates.

U.S. consumer debt reached an all-time high in October as Americans used their credit cards more often and borrowed more money to attend school and buy cars.

Hurricane Sandy is likely to stir up credit card delinquencies in the next month or so, but performance remained strong in the batch of reports posted last week.

To learn the truth about campaign ads, we rely on fact checkers who promise to filter out the spin. In the equally confusing realm of credit-card advertising, an obscure agency looks to play a similar role.

The national credit card delinquency rate increased for the third quarter compared with the year-ago period, according to TransUnion. The rate had been a seasonal low 0.63 percent for the second quarter.

TransUnion's analysis of Canadian credit trends found that the average consumer's debt (excluding mortgage) jumped 4.6 percent to $26,768 in the third quarter, the largest increase in nearly two years.

American Express Co.’s directors were sued by a shareholder over practices that led to a $112.5 million settlement of claims that it violated consumer safeguards.

Consumer credit increased in September thanks largely to student loan growth but Americans appeared to use their credit cards more sparingly, according to Federal Reserve data released Wednesday.

Huntington Bancshares said it plans to add 250 jobs in the Buckeye State over the next four years to support its new credit card business.

Target Corp. says it has reached an agreement to sell its consumer credit card portfolio to TD Bank Group.

American Express Co. reported third-quarter net income of $1.25 billion, up 1% from the same period a year ago, as customer spending grew worldwide.

A TransUnion study found that people who monitor their credit files open significantly more new credit cards and auto loans, and perform about as well on those loans as people who do not monitor their files.

A Philadelphia company that used telemarketing services to pitch platinum credit cards has settled charges brought by the Federal Trade Commission.

Prosper Marketplace, the online peer-to-peer loan facilitator, announced Oct. 3 that it hired Josh Tonderys, a former executive at Barclaycard US, to be its chief risk officer.

Although American Express received lighter fines than the two previous credit card players targeted by the Consumer Financial Protection Bureau, many believe the CFPB's third enforcement action is its biggest statement yet.

Discover Financial Services has agreed to refund hundreds of millions of dollars to settle a regulatory probe of its credit card marketing practices.

The operators of a Philadelphia-based telemarketing scheme will pay more than $7.5 million to settle FTC charges that they peddled bogus credit cards and illegally debited consumers’ bank accounts.

Echoing elements of the mortgage robo-signing controversy, investigators are looking at whether JPMorgan Chase and other banks botched the documentation and amounts owed on card debts they sold.

Issuers are finding more and more sophisticated ways to entice consumers to swipe their cards over those of their rival banks.