New York Fed: Credit demand held steady but rejection rates rose in 2024
Credit demand remained stable in 2024 but consumers reported higher rejection rates and said they are less likely to apply ...
Tag: Credit cards
Visa, Mastercard: Proposed credit card routing bill would jeopardize security, consumer choice
A proposed bill to impose new network routing mandates on banks that issue credit cards would put payments security at ...
Banks, credit unions urge lawmakers to reject new credit card mandates
Any legislative initiatives to expand the power of the federal government to intervene in the U.S. credit card market would ...
Fed: Card payments, mobile wallets showed strong growth in 2022
Credit and debit card payments continued to grow in 2022, reaching 153.3 billion transactions and $9.76 trillion in value, according ...
Bank survey finds Gen Z seeks to build savings, credit
The top financial goal for most Generation Z adults is growing their savings, followed by building their credit and increasing ...
ABA unveils new polling data on major bank policy issues
A new ABA survey found that a strong majority of U.S. consumers are happy with their credit cards and do ...
Dimon: Inflation may persist as economy cools, raising stagflation risk
The U.S. economy is “still booming,” and inflation may not subside as expected when the overall economy cools, JPMorganChase Chairman ...
Overcoming hurdles to credit card issuing for community banks
The path to credit card issuing is within reach for community banks with the right support and technology.
Transportation Department launches inquiry into airline rewards programs
The U.S. Department of Transportation launched an inquiry into the four largest U.S. airlines’ rewards programs, with the goal of ...
ABA, associations challenge new Illinois law restricting interchange fees
ABA, the Illinois Bankers Association and two credit union associations filed a complaint in U.S. District Court challenging an Illinois ...
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