Recession and Credit Cards: Possibly? Did You Mean Probably?
The New York Times recapped Jerry Powell’s testimony to the Senate Banking Committee on June 22, and while there is ...
Tag: Credit Card Issuer
Digital Issuance for a Digital World
Consumer expectations are changing across the board. The world has become faster and more digitized. Payments in particular have been ...
Soaring Interest Rates: Credit Card Issuers Shift to Stabilize Mode
There is no way to fight it, but interest rates are rising quickly. It is a countermeasure against inflation, which ...
Fighting Fire with Fire: Bankers Want No Changes to Durbin Amendment
You have likely seen that Mastercard and Visa implemented new interchange rates in April that they say will create a ...
Collection Agencies and Credit Cards: Clear Boundaries Make Sense
There comes a point where the cost of collections exceeds the probability of repayment. Some sophisticated credit card issuers do ...
Russia Write-Downs Affect Top Banks, But Credit Cards Hold Steady
1Q22 results show that Russian exposure affected net revenue at some top banks, but cards performed well. Bloomberg reported: Citigroup ...
Credit Card Late Fees: Much Ado About Nothing, or a Bigger Social Issue?
The CFPB published a report on late fees derived from credit cards. There are few surprises. The short takeaway is ...
For Credit Card Interest Rates, Expect to See the First Jump on March 16
As a businessperson and consumer, your credit cards will likely rise on March 16 as the Federal Open Market Committee ...
Credit Card Issuers: The Big Get Bigger, The Small Get Smaller, and Goldman Doubles
The American Banker published a table of the top 140 credit card portfolios and their YoY increases on September 30, ...
CFPB and Credit Cards: Proceed with Caution
A post at the CFPB blogsite indicated that the regulator would soon be reviewing the inner workings of the credit ...
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