Tag Archives: credit cards

Credit Card Use Expands in Second Quarter

Credit card use picked up in the second quarter of 2018, according ABA’s latest Credit Card Market Monitor released today. Monthly purchase volumes for super-prime accounts increased 9.2 percent year-on-year, while prime accounts rose 6.6 percent, both record highs. Subprime accounts saw slower year-on-year growth at 3 percent. The total number of new accounts (opened in the previous 24 months) ...

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Fed Survey: Payment Fraud Remains Rare

Payment fraud remains rare, representing small fractions of 1 percent of the total number and the total value of payments, according to the Federal Reserve Payments Study released today.

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CFPB: Banks Effectively Managing ECOA Compliance Risk in Small Biz Lending

The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products or business lines, including auto loan servicing, credit cards, debt collection, mortgage servicing, payday lending, and for the first time, small business lending.

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CFPB Announces 2019 Reg Z Dollar Thresholds

The Consumer Financial Protection Bureau today announced 2019 changes in dollar thresholds for several Regulation Z provisions governed by the CARD Act, the Home Ownership and Equity Protection Act and the Dodd-Frank Act.

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Easing Continues on Business, Residential Mortgage Loans

In the previous quarter, banks kept terms and standards for business loans unchanged or eased them slightly, while tightening slightly on commercial real estate loans and easing in most residential mortgage loan categories, according to the Federal Reserve’s latest senior loan officer opinion survey released today.

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