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.

The credit card industry is slowly turning a corner.

Consumer credit card balances fell for the second straight month, according to data released Friday by the Federal Reserve.

Consumers are increasingly paying down their debts, according to the American Bankers Association.

Loan originations continue to grow in several categories, especially to subprime credit card customers, new data show.

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).

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.

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.

Credit card issuers' account charge-off rates, already exceptionally low, remain on track to hit bottom later this year.

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.

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.

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.

The tide continues to shift in favor of the payments industry in the United Kingdom’s battle against card fraud.

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.

Credit card portfolio premiums are on the rise as demand begins to increase with improving economic conditions.

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.

Americans across the country continue to slash away at their credit card debt, but a return to card borrowing may be around the corner.

Bank of America customers in upstate New York were issued new debit and credit cards after a third-party breach possibly compromised their information.

Bankcard charge-offs rates are still riding near their lowest levels ever, but the wind is shifting slightly for private-label retail credit cards.

For a product claiming to protect consumers from unforeseen misfortunes, banks' credit card payment-protection plans have made plenty of enemies. A federal probe could give those opponents the upper hand for the first time.