Banks, credit unions urge lawmakers to reject new credit card mandates
Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would...
Payments
Fed: Card payments, mobile wallets showed strong growth in 2022
Credit and debit card payments continued to grow in 2022, reaching 153.3 billion transactions and $9.76 trillion in value, according...
New York Fed: Household debt reaches nearly $18T
Total household debt in the U.S. increased by $147 billion to reach $17.94 trillion in the third quarter of 2024,...
FDIC: Percentage of unbanked households dropped slightly in 2023
Roughly 4.2% of U.S. households were unbanked in 2023, according to the FDIC’s National Survey of Unbanked and Underbanked Households,...
RTP network sees record transaction growth in 2024
The RTP network experienced a record 31.7 million transactions in October, valued at $25.4 billion, network operator The Clearing House...
Bank survey finds Gen Z seeks to build savings, credit
The top financial goal for most Generation Z adults is growing their savings, followed by building their credit and increasing...
Survey: Fraud resolution boosts bank customer satisfaction
More than one in four bank customers have experienced fraudulent activity on their accounts in the past 12 months, according...
Report finds lenders increasingly targeted by fake identity scams
The percentage of synthetic identities among accounts opened by U.S. lenders for auto loans, bank credit cards, retail credit cards...
Rep. Torres weighs in on debit card interchange, trigger leads
Rep. Ritchie Torres (D-N.Y.) reiterated his concern that a Fed proposal to lower the legal limit on debit card interchange...
ABA unveils new polling data on major bank policy issues
A new ABA survey found that a strong majority of U.S. consumers are happy with their credit cards and do...
