Retailers that have completed their EMV chip card technology upgrades have seen counterfeit fraud drop 76 percent from the end of 2015 to the end of 2017, according to new figures released today by Visa.
Strong holiday spending drove big fourth-quarter increases in credit card purchases by super-prime and prime borrowers, according to the latest edition of ABA’s Credit Card Market Monitor released today.
By Brent Bouchez
As retailers nationwide continue to transition to chip card technology, those who have completed their upgrades have noticed a significant decline in counterfeit fraud, according to a new infographic by Visa.
Outstanding household debt increased by 1.5 percent in the fourth quarter of 2017, rising by $193 billion to land at $13.15 trillion, the Federal Reserve Bank of New York said today.
In comments to the Consumer Financial Protection Bureau today, ABA and the Consumer Bankers Association urged the CFPB to provide more guidance to banks on acceptable communications about credit scores and how they are used.
Many banks anticipate that they will ease credit standards and terms for large and middle-market firms in 2018, but they expect to cool things down in the robust commercial real estate market, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
New credit card accounts totaled 91.6 million in the third quarter of 2017, according to the latest edition of ABA’s Credit Card Market Monitor released today.
The cost of credit in the credit card market has held steady since 2015, though interest rates have risen as market rates have increased, according to a new, 350-page study from the Consumer Financial Protection Bureau.