Total consumer borrowing fell $3.3 billion in July from June, the first decline since August 2011, according to the Federal Reserve.

A program announced Thursday allows any individual with a security background or interest in payments security to become a certified PCI Professional.

The FTC is mailing refund checks to 4,468 consumers who allegedly were defrauded by a telemarketer who used robocalls to pitch bogus credit card rate reduction programs.

The number of open retail credit card accounts in the U.S. has reached heights not seen since the end of 2009.

The rate at which lenders declare credit card loans uncollectible ticked up at four of the six largest issuers in July from the previous month.

Delinquency rates across credit card, home and auto finance accounts dropped by double-digit percentages in July compared with a year ago, according to Equifax.

Securitized credit card charge-offs in July rose from the previous month, but the jump was due to one-time factors, according to Moody's Investor Service.

Bank of America Corp. stopped selling credit card customers add-on products that halt borrowers' minimum monthly payments in case of a job loss or other hardship.

Target Corp., which earlier this year took its credit card portfolio off the market because of a lack of suitable offers, appears to be getting closer to securing a deal.

Capital One Financial Corp. reported Wednesday that delinquencies and chargeoffs at its U.S. credit card business fell in July from the month earlier.

The national credit card delinquency rate dropped to 0.63% in the second quarter ended June 30 from 0.73% the previous quarter, according to TransUnion.

Overall consumer borrowing rose in June as a result of increases in auto and student loans. At the same time, consumers cut back on credit card use.

Credit card portfolio sales this year have snapped back to a pace last seen before the recession took hold. Their prices are also rising.

KeyBank has become the latest regional bank to bring its credit cards back in house.

JPMorgan Chase & Co. agreed to pay $100 million to settle credit-card holder claims that the bank increased their required minimum payments after promising a fixed interest rate.

Higher cardmember spending and a rise in net interest income, driven primarily by the growth in card loans, helped boost second quarter revenues for the U.S. Card Services unit at American Express Co., the card brand announced July 18.

The Consumer Financial Protection Bureau issued its first enforcement action Wednesday, ordering Capital One Bank N.A. to pay $165 million for what the agency described as deceptive marketing tactics related to various credit card products.

Alliance Data Systems Corp. reported delinquencies and chargeoffs fell in June from a year earlier for the private-label cards it manages.

Overall consumer borrowing rose by $17.1 billion in May from April, the Federal Reserve reported Monday.

Private-label credit card portfolios haven't looked so healthy in years, at least in terms of credit quality. That could help whet the appetite of anyone shopping for a private-label credit card portfolio, analysts say.