JPMorgan Chase & Co. recently reported second-quarter net income of $343 million for its Card Services unit. The unit experienced a $672 million net loss during the same period ended June 30 last year. Net revenue totaled $4.21 billion, down 13.6% from $4.87 billion.

Credit card losses fell sharply at Bank of America Corp. in June, to the lowest level in more than a year, fresh data shows. The rate of delinquent loans also declined.

U.S. consumers’ average credit card debt in June inched up after falling to its lowest level of the year in May, while the average credit score dropped for the first time in 2010, according to new data Credit Karma released this week.

Lawsuits filed in the U.S. against units of HSBC Holdings PLC charge that the lender's credit card payment-protection service defrauds disabled, retired and unemployed consumers, according to Bloomberg News.

Fifth Third Bancorp has announced its Fifth Third Processing Solutions LLC unit has acquired the assets of credit union processor TNB Card Services from credit union-owned Town North Bank of Dallas.

After the financial crisis forced them to retrench, credit card issuers are again on the hunt for new customers.

American Express Co.’s near-term forecast is looking rosier because of improving economic trends plus its role as the lone payment network escaping nearly unscathed from the latest round of card-industry regulations, one analyst says.

Better economic conditions helped boost net profits at Discover Financial Services during its fiscal second quarter. The numbers were aided by higher cardholder spending, lower delinquencies and chargeoffs and a reversal in loan-loss reserve requirements.

Credit card delinquency rates continued to improve in May, firming a months-long trend.

Credit card delinquencies and chargeoffs at credit unions remained near all-time highs, even as the average balance on card accounts continued to grow in the first quarter, according to AssetExchange, a card broker for credit unions.

The Federal Reserve adopted new rules Tuesday barring credit card companies from charging a penalty fee of more than $25 for paying a late bill. The rules, which take effect Aug. 22, also prohibit the companies from charging penalties that exceed the dollar amount associated with the customer's violation.

Just two of the 2,100 credit unions with credit card receivables of $1 million or more sold their portfolios during the first three months of this year, according to TRK Advisors, a card-portfolio consulting firm.

U.S. consumers’ average credit card debt in May fell to its lowest level so far this year, while credit scores held steady, according to new data Credit Karma released June 9.

U.S. Bancorp has purchased grocery retailer Kroger Co.’s credit card portfolio from a Royal Bank of Scotland Group subsidiary.

Credit card direct-mail solicitations from major issuers increased sharply during the first three months of this year, driven in part by a resurgence in rewards card and balance-transfer offers, according to new data Mintel Comperemedia released this month.

The final provisions of the Credit CARD Act take effect in August, but issuers are still in the dark about several key requirements that will affect how they calculate penalty fees.

A Walt Disney World employee used skimming devices at several of the resort’s hotels to steal credit card information from guests, according to federal documents.

Fewer consumers were late on their credit card payments for the fourth consecutive month, a sign that U.S. consumers may be on the mend, according to a report Fitch Ratings released Friday. Payments that were 60 or more days late dropped to 4.18% in May, from 4.27% in April.

The Federal Trade Commission named several new defendants and added charges concerning so-called "forensic audits" to its lawsuit against an operation that allegedly bilked homeowners who were trying to lower their mortgage payments. The action is part of an ongoing crackdown on scams that target consumers who are behind in their mortgage payments or at risk of foreclosure.

A federal judge has put a stop to three companies’ allegedly deceptive telemarketing calls, including robocalls, that promised to reduce consumers’ credit card interest rates.