credit cards

How Amazon is shaking up financial services

03/18/18

The e-commerce giant is muscling its way into a number of businesses that banks have long dominated.

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Mounting consumer debt poses risks for Canadian banks: Moody's

03/13/18

The country’s ratio of household debt to disposable income reached a record 171% in 2017.

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Amazon is said to seek office-supply dominance with credit card

03/12/18

Amazon.com is planning to offer a credit card to U.S. small-business customers, furthering its push to supply companies with everything from reams of paper to factory parts, according to people with knowledge of the matter.

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Bad credit-card debt is getting cheaper, but good luck buying it

03/09/18

U.S. banks are sitting on a $1.03 trillion mountain of credit-card loans. More borrowers are starting to default. Yet lenders know they can't sell souring debt to just any collector.

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Senate poised for Dodd-Frank rollback; card losses spike at small issuers

03/05/18

The bill would raise the threshold to $250 billion for SIFI banks; small banks that lowered credit standards to attract customers are paying the price.

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Bank Holding Companies with the Largest Credit Card Loan Portfolios

02/26/18

On Sep. 30, 2017. Dollars in thousands.

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Citi to compensate card customers; BB&T wrestles with technical glitches

02/26/18

Citi will refund $335 million to cardholders whose rates weren’t lowered; customers had trouble with BB&T’s online and phone services and ATMs.

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Citi to refund $335 million after finding card APRs too high

02/23/18

Citigroup Inc., one of the world’s largest credit card issuers, said it will refund $335 million to U.S. customers whose annual percentage rate should have been lower.

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First National of Omaha to drop NRA card partnership

02/22/18

Facing pressure to act on gun control laws, the Omaha bank said it would not "renew its contract with the National Rifle Association to issue the NRA Visa card."

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This old-school method for foiling card fraud has stood test of time

02/16/18

The card activation process is relatively low-tech, but since its introduction nearly three decades ago it has been hugely effective in preventing credit cards from falling into the wrong hands. Among its pioneers was Ash Gupta, American Express’s president of global credit risk, who is retiring next month.

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