credit cards

CFPB seeks comment on impact of credit card rules

08/25/20

The agency solicited input on the effects of the CARD Act regulations as part of a statutory requirement that the bureau review policies 10 years after they are implemented.

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Spike in disputed payments causing headaches for card industry

08/12/20

Chargeback requests have surged since the start of the coronavirus pandemic, as airlines have canceled flights, performers have postponed concerts and supply chain disruptions have delayed the delivery of many goods.

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Household debt falls for first time since 2014

08/06/20

Credit card balances declined most sharply as consumers cut back their spending due to the coronavirus pandemic and associated shutdown orders, the New York Fed said Thursday. But delinquencies also fell across all debt categories, thanks to government and lender relief efforts.

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Citi’s new credit card perk gives Amazon edge in winning big orders

08/03/20

Citigroup plans to let credit-card customers finance big purchases on Amazon.com over longer periods of time — a deal that may spur sales at the e-commerce giant while boosting the bank’s interest-bearing balances.

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Card debt, delinquencies drop; Wells dumps assets to satisfy Fed

08/03/20

Government stimulus programs are buoying consumers hurt by the coronavirus shutdown; the bank has been forced to sell loans to stay within the Fed-imposed $1.95 trillion asset cap.

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Small-business owners are leaning on credit cards to survive

07/31/20

This personal funding has blurred the line between personal and business finances more than ever.

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Fed extends emergency lending programs; Visa reports 23% profit hit

07/29/20

The programs, which had been set to expire at the end of September, will now run at least to the end of the year; but U.S. payments volume "meaningfully improved" throughout the quarter

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Marqeta to provide tokenization for JPMorgan virtual cards

07/28/20

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021.

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Marqeta to provide tokenization for JPMorgan virtual cards

07/28/20

The global card issuer will provide its tokenization technology for JPMorgan Chase's virtual card program in early 2021.

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Lenders fear mass defaults unless unemployment benefits are extended

07/23/20

The CEOs of the credit card lenders Discover and Synchrony are urging Congress to come through with another round of government stimulus so that struggling households can continue paying their bills.

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