News Topic: credit cards

Banks are going to great lengths to sign up the so-called mass affluent for their credit cards. How far is too far? ... Read full article

The Riverwoods, Ill., company is trying to assure Wall Street that its higher chargeoff rates signal a return to normalcy, rather than a cause for alarm. ... Read full article

The new Explore Visa card is seen as a "bridge" to more traditional banking services, said Regions' head of retail products and payments. ... Read full article

American Express is giving its card customers an easy way to transact in cryptocurrency. ... Read full article

Auto risks mounting. Mortgage market tightening. Are there any good risks these days in consumer lending? Regional bank executives insist partnerships with online lenders, unsecured personal loans and other niche efforts can work if done properly. ... Read full article

The McLean, Va., lender, which has substantial exposure to subprime consumer loans, also added to its provision for credit losses. ... Read full article

Though a 33% decline in net income was attributable to large one-time gains that the credit card issuer recorded in the second quarter of 2016, Amex faces major challenges in the pursuit of growth opportunities. ... Read full article

The firm’s latest financial outlook suggests an opportunity to earn profits comparable to those recorded by large, well-established credit card issuers. ... Read full article

Investors blame Washington gridlock, lowered expectations for price drop; Wells Fargo looks to narrow its focus as it jettisons some units. ... Read full article

The bank's Costco card portfolio boosted profits (again), as did internal growth from store-branded cards from Home Depot and Best Buy. Citi’s card business is avoiding — for now — the pain in the retail sector. ... Read full article

On March 31, 2017. Dollars in thousands ... Read full article

A new report from the American Bankers Association reinforces existing concerns about the ability of U.S. consumers to manage all of their debts. ... Read full article

Though they face an array of competitive threats — from digital currencies to peer-to-peer payment apps — the vast majority of community banks do not have a payments strategy, according to a recent survey. ... Read full article

LendUp is seeking to differentiate itself from competitors by making fast loan decisions and designing its customer experience around the mobile phone. ... Read full article

Synchrony Financial and Alliance Data Systems are particularly vulnerable to recent shifts in Americans’ shopping habits, according to new research from Moody’s Investors Service. ... Read full article

Even with card defaults ticking up slightly, regional banks remain committed to pursuing more credit card business as they look to both diversify their balance sheets and deepen relationships with customers. ... Read full article

Less than a week after buying a firm that helps consumers find the best deposit rates, the Charlotte company said it is paying up to $39.5 million for a site that grades banking products for simplicity and fee structure. ... Read full article

With the first half of 2017 drawing to a close, bank executives gathered this week at the Morgan Stanley Financial Services conference to discuss their companies’ performance thus far and, more important, outline their priorities for the rest of the year ... Read full article