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Bank of America’s Digital Sales up 22% as Mobile Users Surge
Bank of America’s Digital Sales up 22% as Mobile Users Surge
January 13, 2023  |  Earnings

For Bank of America, the great digital shift is very much in evidence. The company’s latest quarterly results showed that digital “sales” made through the...

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Credit Card Interest Rates Expected to Reach Average of 20.5%
Credit Card Interest Rates Expected to Reach Average of 20.5%
January 05, 2023  |  Credit Cards

Credit card interest rates are expected to average 20.5% by the end of the year. That would be up from the 19.6% recorded during the...

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Stressed Consumers Scaling Back Retirement Planning and Funding
Stressed Consumers Scaling Back Retirement Planning and Funding
January 03, 2023  |  Economy

People living paycheck-to-paycheck are having a hard time setting financial goals, much less achieving them. According to the latest study in this long-running series, December’s...

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Credit Card Debt Pressures Millennials and Gen-Z Borrowers
Credit Card Debt Pressures Millennials and Gen-Z Borrowers
December 29, 2022  |  Credit Cards

Credit card debt is harder for younger consumers to handle amid the pressures of living paycheck to paycheck.   To that end, the Urban Institute reported that...

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Trusted ID Networks Offer Best Line of Defense Against Fraudsters
Trusted ID Networks Offer Best Line of Defense Against Fraudsters
December 28, 2022  |  Security & Fraud

Dynamic friction keeps the bad guys out, and trusted identity verification networks (ID networks) keep good customers transacting. Brad Wiskirchen, senior vice president and general...

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98M Consumers Plan to Finance Holiday Gifts This Year
98M Consumers Plan to Finance Holiday Gifts This Year
December 22, 2022  |  Retail

Gift giving is on everyone’s mind, and financing what they’ll spend on holiday gifts is, too. The holidays are fully here, and Christmas is but...

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America’s Household Income Continues Three-Quarter Slide
America’s Household Income Continues Three-Quarter Slide
December 12, 2022  |  Economy

U.S. household income declined this summer for the third straight quarter as stock prices fell. That’s according to the Federal Reserve’s latest Financial Accounts of...

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Digital Payments Give Retailers an Edge With Credit-Leaning Shoppers
Digital Payments Give Retailers an Edge With Credit-Leaning Shoppers
December 07, 2022  |  Digital Payments

More shoppers are turning to financing alternatives to make the holidays merry and bright. This includes one-third of Black Friday shoppers, who funded their purchases...

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Australia Sues Amex for Violating Credit Card Distribution Rules
Australia Sues Amex for Violating Credit Card Distribution Rules
December 06, 2022  |  Regulation

Australia’s securities regulator says American Express issued customers cards without ensuring they understood them. In a lawsuit filed Monday (Dec. 6), the Australian Securities & Investments Commission (ASIC) alleges...

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