Tag: Dodd-Frank

Ally Financial is reportedly looking to get out of the credit card business—again. According to Bloomberg, Ally Financial, formerly known ...

Inflation, high interest rates, and rising unemployment have put considerable pressure on consumers, which has created challenges for Ally Financial. ...

Every year, the top U.S. banks undergo thorough stress tests of their lending portfolios to identify potential risks under stressful ...

With the release of its Q2 earnings, Bank of America announced that its provision for credit losses and charge-offs grew ...

In an era of rapid technological advancement, automation has emerged as a game-changer for various industries, and the banking sector ...

Despite the current economic conditions and the highest inflation rate in almost four decades, the credit card industry continues to ...

An opinion column in today’s WSJ highlights some of the logical flaws in the so-called Credit Card Competition Act of ...

The Credit Card Competition Act—introduced last year by a bipartisan group of senators—may be under consideration during this session of ...

The Federal Trade Commission (FTC) is ordering Mastercard to abandon anti-competitive practices related to eWallet tokenization. According to the FTC, ...

Loan loss reserves are once again becoming a major focus for credit card issuers as banks prepare for rising interest ...