How Many Charge-Offs Are There for Small Credit Card Issuers?
Small credit card issuers are facing a significant challenge in today’s economic environment as charge-off rates rise across the industry....
Read moreDetails
Credit
Credit impacts both consumers and businesses, playing an important role in personal finance and economic growth. It allows consumers to make purchases and helps businesses conserve cash while expanding operations.
FTC to Return Millions to Consumers Over Credit Karma Misrepresentations
The Federal Trade Commission is sending more than $2.5 million to consumers who were manipulated by false credit card offers...
Read moreDetails
What Makes Credit Card Users So Fickle?
Credit card users are showing less and less loyalty to their current brands, even as the trend of carrying just...
Read moreDetails
Why Goldman’s Exit from the Apple Card Got $89 Million Messier
The Consumer Financial Protection Bureau’s $89 million fine of Goldman Sachs and Apple for mismanagement of the Apple Card was...
Read moreDetails
Bank of Canada Takes Oversight of Payment Service Providers
In 2021, the Government of Canada passed the Retail Payments Activities Act, which required the Bank of Canada, the nation’s...
Read moreDetails
Barclays Moves Into the GM Card Business, Pushing Goldman Aside
Barclays’ takeover of the General Motors line of credit cards is another coup for the American subsidiary of the UK-based...
Read moreDetails
The Folly of Capping Credit Card Interest Rates
One idea floated in the current presidential race is temporarily imposing price controls on credit card rates, limiting them to...
Read moreDetails
Retail Credit Cards Offer Introductory Perks and Soaring APRs
Retail credit cards are a common way for retailers to attract and retain customers, but the skyrocketing APRs on many...
Read moreDetails
Tough Economic Environment Is Causing Credit Challenges at Ally Financial
Inflation, high interest rates, and rising unemployment have put considerable pressure on consumers, which has created challenges for Ally Financial....
Read moreDetails
Everyone Can Use an iPhone, But an Apple Card Isn’t for Everyone
Full Disclosure: I love my iPhone. It is a paid-in-full iPhone XS Max that is six years old and works...
Read moreDetailsMust Reads
©2024 PaymentsJournal.com | Terms of Use | Privacy Policy
