News Topic: credit cards

After quiet experiments, Citigroup is expanding perks designed for credit cards to encourage sales of other banking products. ... Read full article

A former call center worker says he lost his job last year after reporting that employees were given incentives to market credit cards to ineligible borrowers. ... Read full article

More U.S. consumers are defaulting on their credit cards, but banks may be holding onto the riskiest loans instead of passing them off to investors, according to a report from Barclays. ... Read full article

Brian Doubles, who had been chief financial officer, will continue to report to CEO Margaret Keane in the newly created role. ... Read full article

Here are seven startups that received multimillion-dollar venture capital investments in recent weeks to accelerate the development of banking products and services. ... Read full article

Thirty-day delinquency rates, a harbinger of future write-offs, also increased at all seven of the largest U.S. card issuers in the first quarter. ... Read full article

The company's credit card business has been outpacing industry-wide loan growth. In the first quarter, results were also aided by higher loan yields. ... Read full article

The strong growth in commercial lending made up for more modest gains in credit card and auto lending, its two largest business lines. ... Read full article

Change in strategy to lure new customers; new FHFA director wants to make Fannie, Freddie “stronger, healthier." ... Read full article

Banks say easing rules on people with some criminal records will diversify the applicant pool; deal with Synchrony may be near. ... Read full article

Measures of loan performance were generally better than expected at Ally, American Express, Synchrony and Sallie Mae. Their 1Q reports suggest that consumers remain able to meet their obligations despite a long run-up in debt. ... Read full article

Retail stars in bank earnings season as investment banking and capital markets sag; Dutch bank may be waiting in the wings if Deutsche can't close the deal. ... Read full article

More consumers were late in paying two major types of loans in the latest figures from the American Bankers Association, but it appears to be a relatively isolated problem. ... Read full article

Some fintechs have figured out how to provide international students and immigrants with credit cards and loans. Machine learning makes the underwriting possible. ... Read full article

StreetShares will add to its line of financing products with a credit card specifically for small-business owners with a military background. ... Read full article

A new feature from the microinvesting app Stash allows users to accumulate free stock in the companies where they spend money. ... Read full article

Artificial intelligence lets banks predict employee misconduct; banks will get more flexibility on how they count rate swaps. ... Read full article

The Silicon Valley partnership represents an extension of — but also a departure from — the consumer strategy that Goldman has been pursuing since the launch of its digital consumer bank, Marcus. ... Read full article