credit cards

How credit card issuers are prepping for the next downturn

05/31/18

Dark clouds may not yet be on the horizon, but industry executives are sending the message to investors that they know a turn in the credit cycle is coming, and they are planning accordingly.

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What’s behind rising delinquencies on private-label credit cards

05/23/18

It’s not just weaker underwriting and higher household debt levels that are driving past-due rates to their highest levels in seven years.

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Banks might not have long to cheer for reg relief

05/21/18

While reform legislation for banks is just around the corner, market signals suggest the economy could be headed toward another downturn.

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Lenders retreat from subprime consumer credit as losses mount

05/17/18

The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months.

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Digital currency startup soars; Volcker Rule changes proposed

05/16/18

Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.

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Just what banks need — another hot-button issue

05/15/18

U.S. credit card issuers are already caught in the middle of intense debates over guns, marijuana and cryptocurrencies. Gambling on sports is next.

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A fintech shifts gears to virtual cards

05/15/18

Regalii has changed its name to arcus and switched from cross-border bill payment to helping banks use tokenization to reissue lost, stolen or breached cards.

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Pandit makes a big card bet; two senior Goldman execs to leave

05/15/18

The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division.

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Vikram Pandit's PE firm invests $100 million into financial inclusion credit card

05/14/18

Fair Square Financial has received a $100 million equity investment from the Orogen Group to fund a credit card designed for underserved U.S. consumer segments.

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Apple, Goldman plan credit card; Wells will be late

05/11/18

This would be the bank’s first foray into credit cards; Wells Fargo says it won’t be able to comply with Fed requirements before next year.

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