News Topic: credit cards

Apple's new credit card isn't just another virtual card in its virtual wallet. It borrows a lot of features from the most successful brands in payments and technology. ... Read full article

The biggest U.S. banks used to own Visa. Now if only they could keep up with it. ... Read full article

The new products, along a 2% cash-back credit card, are aimed at helping customers build savings and reduce debt. ... Read full article

Capital One Financial Corp. lost data from as many as tens of millions of credit card applications after a Seattle woman hacked into a cloud-computing company server, federal prosecutors in Seattle said. ... Read full article

Rakuten joins a growing list of fintechs trying to enter the regulated banking sector. All have faced their share of obstacles. ... Read full article

While loan growth continues to outpace that of competitors, Discover says that it has been tightening its standards, given the late stage of the credit cycle. ... Read full article

The Democratic presidential candidate argued in a blog post that the U.S. could avoid a recession by canceling most student debt and authorizing regulators to more aggressively monitor leveraged lending. ... Read full article

On Mar. 31, 2019. Dollars in thousands. ... Read full article

Firm will pay $700 million to settle issues stemming from data breach; don’t expect JPM CFO Jennifer Piepszak, or anyone else, to be named heir apparent. ... Read full article

After rising between 2016 and 2018, the card issuer's charge-off rates are now steady. The trend reflects both the impact of tighter underwriting standards and the continued resilience of U.S. consumers. ... Read full article

The McLean, Va.-based credit card issuer reported expense growth that rose faster than net interest income during the second quarter. ... Read full article

The company, which announced the conclusion of a three-year-old credit card partnership with TD Bank, is shifting to digital financing of individual consumer purchases. ... Read full article

Bank of America says rate cuts could reinvigorate mortgages and that its digital and cards strategies will help it grab more market share to offset shrinking margins. ... Read full article

The Minneapolis bank reported growth across several lending and noninterest income categories in the second quarter, which offset net interest margin pressures and declining deposit service fees. ... Read full article

Noninterest expenses fell 2% to $10.5 billion — almost $100 million lower than the average estimate from analysts. ... Read full article

Huntington, Capital One and Citi are tops with consumers, but overall satisfaction scores have declined as users have been overwhelmed by the constant rollout of new features. ... Read full article

Citigroup will be the first major issuer to use Mastercard technology to give U.S. credit card holders the ability to instantly redeem points on eligible purchases online and through a mobile app. ... Read full article

A customer who sued Chase over credit card interest charges is now asking a judge to order the bank to stop notifying cardholders about its plan to reinstate arbitration. ... Read full article