credit

Will Credit Access Get Caught in CFPB Late Fee Cap Crossfire?
Will Credit Access Get Caught in CFPB Late Fee Cap Crossfire?
March 07, 2024  |  Credit Cards

The Consumer Financial Protection Bureau finalized a rule this week slashing what it labeled “excessive credit card late fees,” reducing the penalty card issuers can charge from the typical...

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Allianz Trade Launches Payment Solution for B2B eCommerce
Allianz Trade Launches Payment Solution for B2B eCommerce
March 06, 2024  |  B2B Payments

Allianz Trade, a provider of trade credit insurance, has launched a comprehensive payment solution designed for B2B eCommerce. The new “Allianz Trade pay” aims to...

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PayJunction Adds Credit Card Surcharge Capabilities to Payment Acceptance Tool
PayJunction Adds Credit Card Surcharge Capabilities to Payment Acceptance Tool
March 05, 2024  |  Credit Cards

PayJunction added credit card surcharge capabilities to its No-code Payments Integration platform. With the addition, independent software vendors (ISVs), developers and merchants can add credit card surcharging to...

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CFPB Rule Lowers Credit Card Late Fees to $8
CFPB Rule Lowers Credit Card Late Fees to $8
March 05, 2024  |  CFPB

America’s consumer protection watchdog finalized a rule lowering credit card late fees. In a statement issued Tuesday (March 5), Consumer Financial Protection Bureau Director Rohit Chopra said the rule...

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CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
March 05, 2024  |  Banking

Call it a form of fixed pricing in the banking industry. Financial services are joining the ranks of segments, such as pharma, where there are...

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Nova Credit Launches Alternative Credit Data Platform for Lenders
Nova Credit Launches Alternative Credit Data Platform for Lenders
March 04, 2024  |  Consumer Finance

Nova Credit has introduced its Nova Credit Platform, which is aimed at transforming how lenders manage and analyze consumer credit data.  This new platform provides a means...

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Synchrony Finalizes $2.2 Billion Ally Lending Acquisition
Synchrony Finalizes $2.2 Billion Ally Lending Acquisition
March 04, 2024  |  Acquisitions

Synchrony has completed its purchase of Ally Lending, Ally Financial’s point-of-sale (POS) financing business. The deal, first announced in January, includes $2.2 billion of loan receivables and a loan portfolio...

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Savings Drop Threatens Consumers Ability to Handle Emergency Expenses
Savings Drop Threatens Consumers Ability to Handle Emergency Expenses
March 04, 2024  |  Consumer Insights

Consumers are now saving less money for the proverbial rainy day than they were a year ago. The personal savings rate in January was 3.8%, which was...

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TrueNorth and Brim Partner to Deliver Credit-Card-as-a-Service Platform
TrueNorth and Brim Partner to Deliver Credit-Card-as-a-Service Platform
March 01, 2024  |  Partnerships

TrueNorth and Brim Financial partnered to offer a credit card-as-a-service platform to banks, FinTechs and major brands in the United States and Canada. The offering includes consumer, small-...

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