credit cards

American Express Co., long known to issue cards that had to be paid off in full every month, now wants its customers to take their time paying it back.

Concerned about rising default rates, banks "significantly" tightened underwriting in the first quarter, the Bank of England said in a report published Thursday.

New York state's pension funds are urging credit card companies to consider following Citigroup's lead in cracking down on gun sellers.

The fintech is partnering with WebBank to offer a normal-rate, unsecured credit card for people with no credit or a thin file. Petal will consider how much money consumers make, the bills they pay on a monthly basis, and trends in volatility in their income and expenses.

Robert Selander was named an independent director of the embattled credit bureau, which is still trying to regain public confidence after a huge data breach last year.