Credit Cards and Interest Rate Cuts: It Sounds Good but Do Not Get Excited
The Wall Street Journal reported the Federal Reserve Bank’s announcement about a benchmark interest rate decrease. This provides a feel-good...
Capital One Hacking Suspect: 33, Tech Savvy, and In Custody
As for the Capital One breach, an article in today's New York Times sheds light on the 33-year-old software coder...
Installment Loans in China: Credit Cards and Bankers Not Required
Bloomberg reports on Jack Ma’s loan machine. The highlights: Loans take three minutes; bankers are not part of the process....
Equifax Saga Continued: My Credit Card Records Were Impacted. Were Yours?
Reports on the Equifax credit file crisis continue to grab headlines; as noted yesterday, the immediate impact will be about...
Equifax Settles: Credit Card Fines Hit $650 Million with a Tail that Could Run 4X
The news of the day is that “Equifax will pay about $650 million — and perhaps much more — to...
Life After Walmart: Credit Cards at Synchrony Stays Steady-Full Speed Ahead
Today’s American Banker reports on Synchrony’s 2Q results; the big takeaway is the firm successfully finessed the loss of Walmart...
Ally Oop: Ally Financial Exits Credit Cards and Enters Point of Sale Personal Loans
Ally Financial is a storied company in the U.S., dating back to its founding in 1919 as General Motors Acceptance...
Minimum Due Credit Card Payments Rise in Canada To Reduce Debt
One of the first things you learn in credit management is that the minimum due payment sets the stage for...
2Q19 Bank Profits in; Credit Cards Remain Healthy in U.S.
U.S. banking’s top executive summed it up in nine words, as the WSJ reports on Jamie Dimon’s brief summary. “The...
Credit Card Life After Chip and PIN Implementation
Research at the Federal Reserve Bank of Atlanta provided a view of fraud trends at early implementers of EMV in...
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