Payment cards

COVID-era credit card spending hits new high


In a potentially good sign for credit unions, last week credit card spending reached its highest point since the start of the coronavirus pandemic, according to data from PSCU.


E-commerce surge rekindles debit fee fight between merchants and industry


The Federal Reserve is facing pressure to allow retailers to route PIN-less debit-card purchases over their choice of networks. It’s a new stage in an old battle, fueled by the shift toward online shopping during the pandemic.


Credit union members' Prime Day spending up 51%: CO-OP


The payments company reported a substantial increase in both credit and debit card usage for the annual shopping event as the pandemic has made consumers even more comfortable with online purchases.


Truliant revamps flagship credit card as broader credit usage declines


The $3.1 billion-asset institution's product will not carry any fees and offers a variable APR.


House passes PPP revisions; on Otting's day of departure, a CRA reflection


The bill, which now goes to the Senate, would give small businesses greater flexibility in how they use the funds; not everyone's on board with Otting's signature achievement.


CFPB critics moving swiftly to challenge payday lending rule


Consumer groups are poised to take the bureau to court over its gutting of underwriting requirements, while House Democratic leaders could attempt a repeal through the Congressional Review Act.


Goldman’s investor day disappoints; Fed on hold


The bank raised its return-on-equity goals, based mostly on cost cuts and its core trading business; the Fed did raise the rate it pays on bank reserves.