Credit Card Reporting and FICO Scores: Less to Worry About During COVID-19
There's enough to worry about as countries and central banks fortify against financial shock. For consumers in the U.S., credit...
EU Regulators Backpedal on Credit Card Accounting Standards: Give Banks Latitude During COVID-19
Credit card accounting may lack the panache of credit card marketing, exciting technologies, or operations, but it protects assets, investors,...
A Novel Approach to Managing Credit Card Losses in a COVID-19 World
The critical problem about COVID-19 and credit risk is that the households across the world face cashflow issues, rather than...
COVID-19 Down Under: Australian Credit Cards Look Like U.S.
On the surface, the credit card industry has yet to feel the impact of social distancing, unemployment, and uncertainty. Credit...
A Coronavirus Solution: Defer Household Debt as the World Gets Back on its Feet
With unemployment claims expected to surge from 281,000 to 2.3 million this week, Forbes reports that sick pay policies and...
Asset-Backed Credit Card Securities: COVID-19 Edition
Asset-Backed Securities (ABS) are an essential part of credit card lending for top issuers. Instead of internally financing credit card...
Positioning Credit Cards for an Upcoming Mess: Apple Invokes the Golden Rule, Top Banks Follow
Today’s NYTimes provides a view on how credit card companies are positioning their businesses for unforeseen issues durng the Coronavirus...
Cobranded Cards in a Coronavirus World: Less Luster for Travel, Go For Cashback on Credit Cards
Those dreams of trips to Australia, London, and Miami are now off on the horizon as countries scurry for an...
Credit Cards and COVID-19: Caution, but Not a Crisis (Yet)
The headline in today’s WSJ sums things up well in ten words: “Everything is Going Wrong All at Once for...
Rent-A-Bank Lending: Clever or Sneaky?
Today’s WSJ talks about how some non-bank lenders are circumventing local state laws on usury caps by placing loans in...
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