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Credit Card Late Fee Cap Has Winding Path Ahead In Congress

Credit Card Late Fee Cap Has Winding Path Ahead In Congress
Credit Card Late Fee Cap Has Winding Path Ahead In Congress
April 18, 2024  |  Credit Cards

Out of committee…and now the path is a winding one for the proposed repeal of the Consumer Financial Protection Bureau’s (CFPB) rule that would cap credit...

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Discover Financial: Inflation Is Pressuring Lower Income Consumers
Discover Financial: Inflation Is Pressuring Lower Income Consumers
April 18, 2024  |  Earnings

The $35 billion deal for Capital One to buy Discover Financial Services remains on track. Get the Full Story Complete the form to unlock this...

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PayPal Leads $19 Million Series A for B2B Card Platform Pliant
PayPal Leads $19 Million Series A for B2B Card Platform Pliant
April 17, 2024  |  Investments

B2B credit card platform Pliant is planning to expand after raising $19 million. Get the Full Story Complete the form to unlock this article and enjoy...

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National Banks’ Reign Over Primary Credit Cards Dropped to 68% 
National Banks’ Reign Over Primary Credit Cards Dropped to 68% 
April 17, 2024  |  Credit Cards

When it comes to issuing credit cards, national banks continue to dominate the field, and — thanks to their massive scale, extensive customer base and...

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Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
April 16, 2024  |  Consumer Finance

Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. Get the Full Story Complete...

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Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
Goldman Earnings: Consumer Loan Net Charge-Offs Reach 8.4%
April 15, 2024  |  Earnings

Goldman Sachs posted earnings on Monday (April 15) that illuminated a continued focus on Wall Street activities, while the firm continues to exit consumer-related banking...

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Citigroup Watches Spending; Sees Digital Engagement Rising
Citigroup Watches Spending; Sees Digital Engagement Rising
April 12, 2024  |  Earnings

Citigroup’s latest results took note of continued spending on credit cards but there were some notes of caution in the mix. Get the Full Story...

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Share of Credit Card Accounts Past Due Hits 12-Year High
Share of Credit Card Accounts Past Due Hits 12-Year High
April 10, 2024  |  Credit Cards

A growing share of credit card accounts are past due on their payments. Get the Full Story Complete the form to unlock this article and...

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