Fed Survey Finds Credit Card Use on the Rise
Credit card payments grew significantly in 2016, increasing 10.2 percent to total 37.3 billion, according to new data from the Federal Reserve today.
Credit card payments grew significantly in 2016, increasing 10.2 percent to total 37.3 billion, according to new data from the Federal Reserve today.
The federal regulatory agencies last week updated their rulemaking agendas for the remainder of 2017 and into 2018.
More bankers began easing credit standards and terms amid weakening demand for a wide swath of commercial and real estate loan products in the third quarter, according to the Federal Reserve’s latest senior loan officer opinion survey released today.
New credit card accounts totaled 91 million in the second quarter of 2017, according to the latest edition of the American Bankers Association’s Credit Card Market Monitor released today.
Cash, debit cards and prepaid cards all increased their share of payment instruments that households use in a typical month, according to results from the Federal Reserve Bank of Boston’s 2015 Survey of Consumer Payment Choice released today.
By greatly facilitating transactions, William Boyle’s credit card helped the global economy to grow, and benefited bankers, merchants and customers alike.
The Consumer Financial Protection Bureau today announced 2018 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. The thresholds are based on changes in the Consumer Price Index.
Generous rewards and sign-up offers, especially in super-prime customer segments, have helped drive up consumer satisfaction with credit cards, according to a J.D. Power study released today.
New credit card accounts totaled 91 million in the first quarter of 2017, according to the latest edition of ABA’s Credit Card Market Monitor released today.
Efforts by financial institutions to secure card payments and prevent fraud appear to be paying off, according to a recent survey commissioned by Transaction Network Services.