Credit cards
Credit cards
- PSO content
Positive credit card charge-off trends resumed during May as the average charge-off rate for credit card receivables in securitized trusts fell, reaching its lowest point since October 2007, Moody's Investors Service Inc. reports.
June 25 - PSO content
American Express Co. posted declines in credit card defaults and late payments for May.
June 19 - PSO content
WASHINGTON — The Consumer Financial Protection Bureau will begin publishing credit card complaints Tuesday in a searchable database, allowing the public for the first time to scrutinize the way individual banks handle complaints.
June 19 - PSO content
Credit card offers mailed to consumers tapered off sharply in recent months after a resurgence in the wake of the recession, indicating a shift in large-issuer strategies.
June 17 -
Subprime credit card borrowers are on the move again, opening significantly more new accounts than they did during the recession as lenders ease up on their ultra-tight underwriting standards.
June 7 - PSO content
How long can a good thing last? Write-offs of credit card loans already have plunged below levels issuers consider sustainable. Continued improvement in delinquencies points to a further dip in loss rates in the months ahead.
June 1 - PSO content
Thieves know: there's money in credit cards.
May 30 - PSO content
Consumers are being more cautious in their use of credit cards — accounts are growing, and overall their balances are down 28% from their peak in January 2009, according to a report from Equifax.
May 29 - PSO content
U.S. credit card charge-offs ticked up in April, but Moody's Investors Service experts say it is merely an aberration in the general downward trend.
May 23 - PSO content
ORLANDO – Credit and debit sales volumes have been crisscrossing over the past 17 months, but without an obvious explanation.
May 14 - PSO content
China's credit card purchase volume surged by nearly 50% last year as more online merchants began accepting credit cards, but fraud is also on the rise.
May 14 - PSO content
The Russian credit card market grew to 422.9 billion rubles (US $13.4 billion) in receivables in the first quarter of this year, up 79% from 235.8 million rubles during the same period last year, with more than 14.5 million credit cards in circulation, according to a new research report released late last month by Russia’s Tinkoff Credit Systems bank.
May 10 - PSO content
Consumer borrowing surged in March by the most in more than a decade thanks to growing demand for student loans and autos.
May 8 - PSO content
Cross-border spending and a healthier U.S. credit card market helped boost Visa Inc.’s fiscal second-quarter earnings, the card brand announced Wednesday.
May 3 - PSO content
WASHINGTON–When the Consumer Financial Protection Bureau recently announced it planned to scale back proposed limits on credit card fees, consumer groups and some in the media immediately criticized it.
May 1 - PSO content
WASHINGTON – The Consumer Financial Protection Bureau is seeking input for a study that could pave the way for new limits on consumer arbitration clauses.
April 26 -
One of the nation's largest medical collection agencies allegedly placed employees in emergency rooms, cancer wards and delivery rooms to extract payments from patients before they were seen by medical staff, according to a report released Tuesday by Minnesota Attorney General Lori Swanson's office.
April 24 - PSO content
Can card issuers heave a sigh of relief that consumers are returning to pre-recession spending patterns on credit and debit cards?
April 23 - PSO content
Benefitting from higher cardholder spending and low loss rates, American Express Co. posted record profits for the first quarter.
April 19 - PSO content
The state of Hawaii has sued seven major credit card issuers over the marketing of credit card insurance-like products, known as payment-protection plans.
April 17


