CFPB report flags pandemic-related issues in deposits, mortgage servicing
The CFPB issued a “Supervisory Highlights” report focusing on recent examiner observations of several financial products.
Tag: Credit cards
Federal Reserve research finds credit card net interchange revenues are negative
The Federal Reserve recently published new research that examines the main sources of credit card profitability based on FR-Y-14M data ...
CFPB report: University affiliated credit card offers continue to decline
Credit cards offered in conjunction with colleges, universities and affiliated organizations have continued to decline since the CARD Act was ...
Mississippi Bankers CEO pans Durbin expansion bill
A new legislative proposal giving merchants broad say over which credit card routing networks could drive up the cost of ...
Trade groups urge Congress to reject credit card routing amendments
A proposal to add new credit card routing mandates and a related study to a major defense spending bill has ...
Nichols on ABA’s message to policymakers: ‘Let banks do what banks do best’
ABA will be taking a "simple and succinct" message to policymakers in the weeks and months ahead: "let banks do ...
Bank, credit union groups unite against Welch-Gooden bill
The American Bankers Association today joined seven bank and credit union trade groups in a joint letter opposing a House ...
Lawmakers introduce House version of ABA-opposed Durbin-Marshall bill
Reps. Peter Welch (D-Vt.) and Lance Gooden (R-Texas) today introduced a companion bill to the Credit Card Competition Act of ...
WalletHub: Credit card debt balloons as inflation persists
As consumers continue to face challenges due to elevated inflation, new data from WalletHub suggests that many are leaning more ...
Banking groups call out CFPB’s vague request for input on credit card terms
The American Bankers Association and several banking trade groups today called on the CFPB to provide additional information on a ...
