Transportation Department launches inquiry into airline rewards programs
The U.S. Department of Transportation launched an inquiry into the four largest U.S. airlines’ rewards programs, with the goal of ...
Tag: Credit cards
ABA, associations challenge new Illinois law restricting interchange fees
ABA, the Illinois Bankers Association and two credit union associations filed a complaint in U.S. District Court challenging an Illinois ...
Survey: Cashback, value credit cards grow in popularity
A majority of credit card holders are using cashback cards while a growing number of consumers are switching to value ...
Bank survey: Credit cards remain most popular payments option
A recent survey by TD Bank found that a majority of respondents had multiple credit cards, with rewards programs being ...
Study: U.S. consumers continue to rack up credit card debt
Though U.S. consumers paid down $50 billion in credit card debt during the first quarter of 2024, credit card debt ...
ABA Regulatory Compliance Inbox: What is the requirement to provide credit score exception notices?
And: Questions on real-time payments and investigating multiple disputed debit card transactions.
Don’t reward misleading data
The CFPB continues to mislead policymakers and the public about credit card rewards programs.
Illinois passes limits on payment card interchange fees
Illinois lawmakers passed a state budget that includes a ban on the collection of credit and debit card interchange fees ...
CFPB to define buy now, pay later providers as credit card providers
The CFPB issued an interpretive rule to define lenders who provide buy now, pay later products as credit card providers ...
Fed survey: Unbanked status continues to vary among income, ethnic groups
While 94% of U.S. adults have a bank account, notable differences remain among different income and ethnic groups, the Federal ...
