Demographics

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Millennials especially have shunned credit cards in favor of buying even low-ticket items using a system of installment loans, often incurring little to no interest, says Jifiti's Nufar Segal.

The benefits include improved financial inclusion, the chairman of the NCUA argues.

The benefits include improved financial inclusion, the chairman of the NCUA argues.

The Appleton, Wis.-based credit union has tapped Christopher Allen to take the helm following Greg Hilbert's retirement.

The promise of post-closing payments encourages top executives to pursue deals that aren’t necessarily in their self-interest, but investors may eventually raise concerns that the packages are expensive and too focused on the short term.

The New York-based credit card issuer is expanding its board to 13 members with the addition of Karen Parkhill.

All three executives began as tellers and have been with the institution for a dozen years or more.

Mendell Thompson, who has led the Glendora, Calif.-based institution for more than 30 years, plans to retire later this year.

American Express has focused the past few years on overcoming a couple of its stigmas — that not all U.S. merchants accept Amex cards, and that younger cardholders were not intrigued by the status of holding an Amex card.