The bank may end its venture with First Data to work on its own; State Street and BNY Mellon's fee revenue from investor clients and stock prices are down.
Democratic presidential candidate Bernie Sanders and Rep. Alexandria Ocasio-Cortez accused banks of acting as “modern-day loan sharks” and called on Congress to enact a federal limit of 15% on credit card interest rates.
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.
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.
Here are seven startups that received multimillion-dollar venture capital investments in recent weeks to accelerate the development of banking products and services.
