AmEx Must Change Anti-Steering Rules During Appeal
A New York court blocked American Express from implementing its anti-steering rules preventing merchants from suggesting customers use a lower-cost card during its appeal.
Browsing: Credit cards
ABA Report: Credit Card Use Rises as Jobs Grow in Q4
Fourth-quarter credit card spending continued rising on strong employment numbers and the strength of the super-prime credit market, according to the latest edition of ABA’s Credit Card Market Monitor released today.
Fed Survey Finds Increasing Economic Optimism
Four in 10 U.S. households surveyed last fall said they were somewhat or much better off financially than they had been five years prior, according to the Federal Reserve’s 2014 Survey of Household Economics and Decisionmaking released today. Just over a quarter said they were worse off than in 2009.
MasterCard Settlement Not Accepted
MasterCard today said that not enough MasterCard-issuing banks accepted the proposed $19 million settlement with Target by the May 20 deadline.
ABA Finds Limited Credit Availability, Higher Credit Costs Since CARD Act
Surface benefits for consumers from the 2009 Credit CARD Act have been offset by significant negative effects, ABA told the Consumer Financial Protection Bureau yesterday.
MasterCard Settlement Acceptance Deadline is Wednesday
The deadline for MasterCard-issuing banks to determine whether they will accept the network’s $19 million settlement with Target related to losses from Target’s 2013 data breach is Wednesday, May 20.
Visa to Boost, Tier Reimbursements for Reissued Cards
ABA played a lead role in securing higher post-data breach reimbursement levels for banks of banks of all sizes.
Chase Survey Finds More Education Needed on Chip Cards
Nearly two-thirds of consumers have not heard of chip card technology — also known as EMV — even though 80 percent are concerned about the security of their debit and credit transactions, according to a recent survey commissioned by Chase, which said it will have converted more than 70 percent of its cards to EMV by the end of 2015.
Survey: Card Rewards Grow More Prevalent, Popular
Rewards credit cards are growing in popularity and consumer value, according to new Ipsos polling data published in the latest issue of ABA’s The Credit Line newsletter.