Payment cards

COVID-era credit card spending hits new high

11/25/20

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.

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

11/19/20

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.

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

10/26/20

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.

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Truliant revamps flagship credit card as broader credit usage declines

10/08/20

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

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

05/29/20

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.

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CFPB critics moving swiftly to challenge payday lending rule

04/30/20

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.

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Goldman’s investor day disappoints; Fed on hold

01/30/20

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.

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