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For Wells Fargo, A Beat, But Ominous Signs in Consumer Metrics
For Wells Fargo, A Beat, But Ominous Signs in Consumer Metrics
October 14, 2016  |  News

It wasn’t much of an earnings hurdle to cross, but Wells Fargo cleared it. Investors were non-plussed, with the stock down less than a percent...

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SCOTUS To Mull The Credit Card Surcharge Battle
SCOTUS To Mull The Credit Card Surcharge Battle
September 29, 2016  |  Payment Methods

In the latest salvo of the war over credit cards, surcharges and retailers who pay “swipe fees” when consumers deign to use cards rather than...

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Iranian Banks Distribute Local Credit Cards
Iranian Banks Distribute Local Credit Cards
September 27, 2016  |  International

For the first time in decades, Iran began issuing credit cards this week. Several local media sources confirmed that the newly issued cards can only...

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Report: Credit Card APRs At Highest Rates In Five Years
Report: Credit Card APRs At Highest Rates In Five Years
September 23, 2016  |  Consumer Finance

Americans are carrying more debt than ever before and paying some of the highest credit card rates every recorded, according to new data. The national...

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Overdue Credit Card Payments In China On The Rise
Overdue Credit Card Payments In China On The Rise
September 09, 2016  |  International

Overdue credit card debt in China was up 4.9 percent in the second quarter, as measured sequentially, Reuters reported on Thursday (Sept. 8). The data came from the...

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Lydia? A Bit Plastic
Lydia? A Bit Plastic
September 07, 2016  |  Payment Methods

“Lydia. Oh, Lydia. Oh, have you seen Lydia?” Groucho Marx asked audiences decades ago, and the refrain might raise echoes again, in the unlikely halls...

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Popular Becomes Second To Launch Credit Cards For Use In Cuba
Popular Becomes Second To Launch Credit Cards For Use In Cuba
August 24, 2016  |  Payment Methods

Popular announced on Tuesday (Aug. 23) that it has become the second financial institution in the U.S. and the first in Puerto Rico to offer...

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Millennials Are Shunning Credit Cards
Millennials Are Shunning Credit Cards
August 16, 2016  |  Payment Methods

Millennials may know something that their older counterparts haven’t figured out yet: Cash is better than credit cards. That’s according to data from the Federal...

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UK Airlines Charge Travelers For Paying Via Credit Card
UK Airlines Charge Travelers For Paying Via Credit Card
August 15, 2016  |  Payment Methods

Paying with credit cards for airline tickets is a way of life for millions of people, but it turns out that airline operators may be...

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