Credit

American Express Co., the credit-card issuer grappling with the loss of co-brand partners, posted first-quarter profit that beat estimates as customer spending increased.

Discover Financial Services, the credit-card issuer that’s expanded to student lending and unsecured personal loans, posted first-quarter profit that beat analysts’ estimates as card spending increased.

The payments pioneer is transforming its merchant cash advance into a business loan, a move that has significant legal and regulatory implications.

Peer-to-peer lending startup Ledge incorporates on millennial staples like social networking and open development to get on its feet while relying on a road paved by the financial services 'establishment' to go mainstream.

American Express Co. cut Chief Executive Officer Kenneth Chenault's pay 26 percent to the lowest level since 2008 after the credit-card lender's stock and profit slumped last year.

Merchants that postponed their EMV migration are feeling the sting of losses connected to the EMV liability shift. They are now shoring up their fraud defenses and—in some cases—speeding up their EMV-migration plans.

American Express Co. will increase lending to U.S. customers as competitors offer to lower their acceptance costs to win credit-card partnerships with big merchants, Chief Executive Officer Ken Chenault said.

Prosper Marketplace is rebranding a personal-finance app that it acquired last year, a key part of the firm’s efforts to engage more frequently with its borrowers.

A significant gap remains between the credit scores of women-owned companies and those owned by men, according to a Biz2Credit.com survey.

Citigroup said it agreed to buy American Express’ stockpile of U.S. credit card loans made to shoppers of Costco Wholesale, as the fourth-largest U.S. bank takes over a card partnership with the retailer. Terms were not disclosed.