A suspect was arrested for allegedly taking part in last week's online attacks against MasterCard Inc., Visa Inc. and PayPal Inc.

Minnesota Attorney General Lori Swanson claims in a lawsuit that Discover Bank telemarketers selling identity-theft and credit-score monitoring services fail to tell consumers when they are agreeing to purchase those products, according to several media reports.

Consumer spending online during the five-day period that started with Black Friday (Nov. 26) grew by double digits compared with the same period in 2009, merchant processor Chase Paymentech Solutions LLC announced.

Credit card delinquency rates continued to fall in the third quarter as consumers continued to pay down debt and higher-risk borrowers stopped using credit cards at all, according to a report from TransUnion.

In 2009, banks and credit unions reported 41,548 suspicious activities related to card fraud, representing a 4.6% jump from 39,711 reports the previous year, according to the U.S. Department of Treasury’s Financial Crimes Enforcement Network, which maintains data on suspicious activity reports.

U.S. consumer credit card charge-off and delinquency rates fell once again in October as recession-related credit card losses continued to abate, according to new data Moody’s Investors Service released this week.

Citing fewer defaults and a reduction in overall outstanding receivables, Target Corp.’s credit card unit more than doubled its profit during the third quarter, the company announced Wednesday.

U.S. consumers’ average credit scores stabilized in recent months, as credit card debt fell by 7% through the first 10 months of the year, according to data Credit Karma released Wednesday.

Though the Consumer Financial Protection Bureau has jurisdiction over a wide range of financial products, Elizabeth Warren is making credit cards her top priority.

U.S. consumer borrowing rose in September by the largest amount in two years, thanks to a surge in non-revolving credit such as college loans and auto financing.

More than half a year after the centerpiece protections of a sweeping overhaul of credit card regulation took effect, portfolio yields appear to have stabilized at their highest levels in two decades.

U.S. credit card defaults fell in September to a two-and-a-half-year low, continuing a downward trend as the economy heals, according to Fitch Ratings.

The outcome of today's Election Day results could have meaningful implications for the card industry, including affecting the odds of credit card interchange legislation emerging next year, analysts at New York-based equity firm Keefe, Bruyette & Woods said in a report released Monday.

Charge-off rates on outstanding receivables for the six largest credit card issuers in the United States declined during the third quarter ended Sept. 30 compared with the same period last year, according to Moody’s Investors Service.

Five of the nation’s largest credit card issuers reported improvements in September charge-off rates on outstanding receivables, prompting Moody’s Investors Service to suggest in a report this week that August’s uptick in charge-off rates was a blip, not the reversal of an overall trend of improving charge-off rates.

Citigroup Inc. is reporting total revenues from Citi-branded cards of $4.16 billion for the third quarter ended Sept. 30, up 76.3% from $2.36 billion during the same three months last year. Citi card income from continuing operations totaled $454 million, up considerably from $6 million a year earlier.

Write downs of uncollectable debt for JPMorgan Chase credit cards fell in September, after an increase in August, the company said in a regulatory filing Wednesday.

Consumers in the United States generally believe their credit card companies treat them fairly but anticipate some changes under the Credit CARD Act affecting their overall card usage, new research from New York-based management-consulting firm Auriemma Consulting Group suggests. Auriemma conducted the research through an online survey in August.

Citigroup Inc. has sold $1.6 billion of retail credit card assets to General Electric Co.'s GE Capital arm, the companies said Wednesday.

Only one of the 2,150 credit unions with credit card receivables of $1 million or more sold its portfolio during the second quarter ended June 30, as buyers remained cautious about overall credit-union health, according to AssetExchange, a Portland, Ore.-based credit-union card broker.