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Credit Cards
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Latest Headlines
More credit extended by banks
In the post-financial crisis rough times, banks have been between a rock and hard spot when it comes to lending.
Citigroup hits a milestone in China
Citigroup CEO Vikram Pandit has, in some ways, hitched his bank to the overseas markets. While big consumer banks were ailing domestically, he preached the value of globalization. His mantra was that...
Banks get nod for mobile payments protection
Big consumer banks have taken heat recently in the court of public opinion. The debit card fee fiasco was merely the capstone on a disastrous year marked by lots of controversy over their shoddy
Credit card interchange fees loom as big revenue source
The bank industry continues to chafe under the Durbin Amendment, leading to lots of angst as to how the lost swipe fees will be offset. Especially at this time of year, perhaps the industry should
New startup changing the future of rewards programs
The decline of the free checking account has been accompanied with a decline in rewards programs, as banks maintain they can no longer finance such programs in the wake of various reform measures.
Bank of America's many errors on road to nixed debit card fee
In the end, Bank of America had no choice but to scrap its maligned debit card fee. The public and political backlash against its new debit card fee was much more extreme than it expected. Other big
Banks already rethinking debit card fees
If Bank of America thought that imposing a hefty debit card fee on retail customers might spark a rush by other banks to do the same, it has been proven wrong. While there were some regional banks
Bank of America defends right to make a profit
Brian Moynihan has herculean tasks ahead of him on so many fronts, not least of which is dealing with the Durbin Amendment, which is now live and in effect. The bank has potentially billions in
Bank of America stock plunges below $6
Bank of America has been buffeted from all sides. The entire banking sector is creaking. The economy is worsening. Regulatory woes are intensifying. Its legal liability for all its mortgage woes
Bank of America to impose debit card fee
Bank of America, a veritable consumer giant, just might have done the entire industry a favor. The fact is that despite Bank of America's problems, its massive consumer market heft makes it a
