credit cards

Discover's shares tumble after warnings on costs, credit quality

01/24/20

The credit card lender has seen problem loans spike since it introduced a feature that lets at-risk customers restructure loans through its online and mobile channels.

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New York City moves to ban cashless stores

01/23/20

The city would join San Francisco and Philadelphia among cities that prohibit stores and restaurants from only accepting electronic payments.

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Banks are raising credit card limits without asking customers

01/23/20

It might sound like a risky strategy at a time when millions of Americans are drowning in debt, but that's exactly what big banks have been doing lately.

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Goldman curtailed personal lending after launching Apple card

01/15/20

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months.

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Citi bets heavily on consumers to meet profit targets

01/14/20

The banking giant is counting on continued growth in cards, deposits and digital accounts to drive returns higher in 2020.

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Auto loan delinquencies hit eight-year high

01/14/20

The percentage of consumers who are past due on home equity loans, RV and other personal loans also rose in the third quarter, data released by the American Bankers Association showed.

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Once banned, credit card surcharges gain momentum

01/09/20

Though many merchants remain wary of alienating their customers with fees, others now see an opportunity to recoup the growing costs associated with accepting plastic.

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CRA overhaul may get messy; Student loans vulnerable in bankruptcy

01/09/20

Fed proposal is at odds with the one offered by the FDIC and OCC; judge wants to dispel the “myth” that student loans can’t be expunged in bankruptcy.

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Fintech lenders tighten standards, become more like banks

12/16/19

Easy credit has given way to cautiousness, with financial technology upstarts now seeking households with higher incomes, above-average credit scores and less debt relative to their wages.

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Upstart to help banks pay off customers' credit card bills

12/11/19

It sounds like something that should be simple — letting a customer pay off their credit cards with a new personal loan — but it's not, according to Dave Girouard, Upstart's CEO.

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