Credit cards
Credit cards
- PSO content
By backing off a plan to limit large up-front fees banks can charge on credit cards, the Consumer Financial Protection Bureau feels it has protected cardholders from other increased costs, the Associated Press reported last week.
April 17 - PSO content
A higher provision for credit losses driven by a lower reduction in the allowance for loan losses from a year earlier caused a drop in first-quarter profit for the Card Services and Auto unit of JPMorgan Chase & Co., the issuer announced Friday.
April 16 - PSO content
The credit card industry is slowly turning a corner.
April 11 - PSO content
Consumer credit card balances fell for the second straight month, according to data released Friday by the Federal Reserve.
April 9 - PSO content
Consumers are increasingly paying down their debts, according to the American Bankers Association.
April 9 - PSO content
Loan originations continue to grow in several categories, especially to subprime credit card customers, new data show.
April 4 -
WASHINGTON – Lawmakers are calling for immediate action to pass long-stalled data-security legislation in the face of last week’s news of a massive data breach at cards processor Global Payments Inc. (see story).
April 2 - PSO content
A data breach at a card processor may have affected more than 10 million Visa and MasterCard accounts, security expert Brian Krebs reported March 30 on his blog.
March 31 - PSO content
The Federal Trade Commission put a robocall operation out of the telemarketing business under a settlement resolving charges that the operation made more than two billion calls pitching a variety of products and services, including worthless extended auto warranties and credit card interest rate-reduction programs.
March 28 - PSO content
Credit card issuers' account charge-off rates, already exceptionally low, remain on track to hit bottom later this year.
March 26 - PSO content
This is the second in a series on JPMorgan Chase's delinquent credit card collections operation. The first article can be viewed here. Further coverage will follow.
March 16 - PSO content
While credit card debt increased slightly in February to $6,105, the number is still down 15% year-over-year, according to CreditKarma.com's U.S. Credit Score Climate Report released Wednesday.
March 15 - PSO content
JPMorgan Chase & Co. took procedural shortcuts and used faulty account records in suing tens of thousands of delinquent credit card borrowers for at least two years, current and former employees say.
March 13 -
The tide continues to shift in favor of the payments industry in the United Kingdom’s battle against card fraud.
March 13 - PSO content
Consumer credit jumped $17.8 billion to $2.51 trillion in January, according to the Federal Reserve's G.19 report on consumer credit released Wednesday. Analysts in a Reuters poll expected a $10 billion increase.
March 8 - PSO content
Credit card portfolio premiums are on the rise as demand begins to increase with improving economic conditions.
March 2 - PSO content
Target Corp.’s credit card portfolio may be gaining appeal to potential buyers the longer it remains off the auction block in one very specific respect: credit performance.
March 1 - PSO content
Americans across the country continue to slash away at their credit card debt, but a return to card borrowing may be around the corner.
February 22 - PSO content
Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.
February 14 - PSO content
Bankcard charge-offs rates are still riding near their lowest levels ever, but the wind is shifting slightly for private-label retail credit cards.
February 13


