While Crypto Inches Towards Legitimacy, HSBC Says NO
This article captures a statement made by HSBC that it has no appetite for exposure to virtual currencies and will ...
Tag: Credit Cards
Excessive Online Credit Card Rejections During Pandemic Mean Frustration for Consumers, Missed Sales for Retailers
ATLANTA, April 8, 2021 – As more shopping moves online during the pandemic, consumers are likely seeing their credit cards ...
Ramp Raises $115M, Reaches $1.6B Valuation as Fastest Growing Corporate Card
This release in Benzinga discusses the New York-based 2019 startup called Ramp, which has reached unicorn status at $1.6 billion ...
Patent Portends Walmart’s Payment Products Prospects
Walmart filed a trademark patent as reported by Banking Dive that suggests Walmart is considering launching debit, credit, and prepaid ...
Co-Branded Credit Cards: Chase Broadens Its Stake
Co-branded credit cards add girth to issuer portfolios. In our recent report, Mercator Advisory Group estimated that the U.S. market ...
CFPB Considers Extending Mortgage Forbearances through Year-End; What About Cards?
Forbearances, an agreement to forestall collection activity against a delinquent account, give the consumer a short-term solution to suspend payments ...
One Billion Additional Touch-Free Visa Payments Made As Consumers Embrace Contactless Commerce
Less than a year since contactless limits increased across Europe, Visa has hit one billion additional touch-free transactions, 400 million ...
Auto Loan Delinquencies Rising; Cards Next?
Before COVID (BC), there used to be a relatively simple hierarchy in payments. The rent or mortgage gets paid first. ...
Aspiration To Launch First Ever Credit Card To Give Users the Ability To Eliminate Their Carbon Footprint
New Aspiration Zero Credit Card Rounds Out Aspiration’s Ecosystem of Automated Impact Services That Empower People to Fight Climate Change ...
CFPB Revokes Pandemic Guidance for Lenders, Reverses Leniency in Compliance Requirements
An article in Law360.com reports that the Consumer Financial Protection Bureau has rescinded a series of policy statements it issued ...
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