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.
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Agencies Update Rulemaking Schedules
The federal regulatory agencies last week updated their rulemaking agendas for the remainder of 2017 and into 2018.
C&I Loan Standards Ease as Demand Weakens
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.
Credit Card Market Expands in Second Quarter
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.
In Twist, Cash and Debit Cards Grow Payment Share
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.
How Credit Cards Fueled Global Economic Growth
By greatly facilitating transactions, William Boyle’s credit card helped the global economy to grow, and benefited bankers, merchants and customers alike.
CFPB Announces 2018 Reg Z Dollar Thresholds
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.
J.D. Power: Lavish Credit Card Rewards, Bonuses Drive Consumer Satisfaction
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.
Credit Card Market Grows in First Quarter
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.
Survey: Consumers Concerned about Card Security Even as Fraud Rate Falls
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.