credit cards

JPMorgan finds a way out of economic maze. Can others?

10/15/19

Its quarterly results show lower rates and emerging credit risks can be overcome. Whether most banks have all the same levers to pull is another matter.

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Citi’s digital-first deposit strategy paying off — for now

10/15/19

CEO Michael Corbat said he “wouldn’t rule out” building branches to keep the momentum going.

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Citi's 3Q profit aided by growth in card revenue

10/15/19

Better-than expected trading results also helped to boost net income.

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Sallie Mae seeks to fill CARD Act void with student credit cards

10/10/19

In a move to tap into an underserved market opportunity — but with the potential for political backlash — Sallie Mae launched three different cash-back reward credit cards aimed at college students and young adults.

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Auto, home equity are soft spots in consumer lending

10/08/19

Delinquencies on indirect auto and home equity loans are trending up, while past-due rates on credit cards are declining, according to a recent report by the American Bankers Association.

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What Charles Scharf’s Visa years say about his plan for payments at Wells

09/27/19

In the payments world, Scharf is best known as the CEO of Visa Inc. from 2012 to 2016, where his strategies for faster payments, fintech partnerships and other key issues may shed light on what Scharf has planned when he becomes CEO of Wells Fargo.

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Capital One set to launch Walmart credit cards next week

09/18/19

The launch of the products comes more than a year after Capital One wrested the Walmart partnership from Synchrony Financial.

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Challenger banks insist they’re equal to the task of lending

09/18/19

MoneyLion and Varo say familiarity with existing customers — whom they already offer savings, investment and personal finance products — will help them make smart credit decisions.

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CFPB investigating Bank of America over phony accounts

09/17/19

During a probe that grew out of the Wells Fargo scandal, the Charlotte-based bank has acknowledged instances of "potentially unauthorized" accounts, but said that the number of examples was "vanishingly small."

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Subprime card lender introduces ex-Barclays exec as CEO

09/16/19

Mission Lane, which was spun off from LendUp in December, said Monday that Shane Holdaway took the helm in August after roughly a year serving as CEO of Barclays' U.S. consumer bank. The upstart lender also announced that it has raised $200 million in equity funding.

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