Report: Credit Card Use Dips in Q1 Amid COVID-19 Uncertainty
As the coronavirus outbreak spread in the U.S. in the first quarter, credit card purchase volume and debt outstanding declined, ...
Tag: Credit cards
Fed Survey: Loan Demand Plummets in Second Quarter
As the U.S. economy dove deeper into recession amid the coronavirus pandemic in the second quarter, more than half of ...
Survey: Consumers Show Growing Preference for Contactless Card Payments
Of payment cardholders who are familiar with contactless payments, three out of four prefer using a contactless credit or debit ...
CFPB Announces 2021 Reg Z Dollar Thresholds
The Consumer Financial Protection Bureau announced 2021 changes in dollar thresholds for several Regulation Z provisions governed by the CARD ...
Can My Bank Require Opt-In to Overdraft as a Condition of Receiving a Debit Card?
…and other answers to your compliance questions in the July/August 2020 ABA Regulatory Policy and Compliance Inbox.
False Dichotomy: Fraud Detection and Cardholder Relationships
Banks can benefit from fraud analytics models and machine learning—and can even deputize cardholders into proactively helping them understand where ...
CFPB Proposes Reg Z Changes for Libor Transition
As part of the planned transition away from the London Interbank Offered Rate—which is not guaranteed to be available after ...
CFPB Provides Flexibility on Electronic Card Disclosures During Pandemic
The CFPB yesterday issued a statement providing temporary flexibility for credit card issuers when providing electronic versions of disclosures that ...
CFPB to Offer Flexibility for Creditors Working to Resolve Billing Errors During Pandemic
The Consumer Financial Protection Bureau today said it would provide flexibility for creditors to resolve billing errors during the coronavirus ...
Credit Card Use Rises in Q4; More Customers Paid Off Balances in Full
As credit card use picked up in the fourth quarter of 2019, a record share of consumers paid off their ...
