In the United States, credit card balances and the interest rates charged on those balances are on the rise. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Investing and financial planning company Charles Schwab is moving from its current payment model to a subscription-based one that will provide more hands-on assistance, according to a report by Bloomberg. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
U.K. challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
New data has revealed that bank card default rates rose six basis points to 3.48 percent. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...
The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, has found that some lenders are inflicting their credit card customers with an “unacceptable” number of charges and late fees. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Credit card debt in the U.S. reached $870 billion at the end of last year, setting a record. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Lawmakers grilled the heads of Equifax, Experian and TransUnion, calling the credit reporting a “broken” system — and new legislation introduced this week has some far-reaching changes. In the meantime, the CEOs said, proactive measures to address shortcomings — not just breaches — are in...
Mobile payment company Alipay is going to start charging a fee of 0.1 percent to customers who use the service to decrease their credit card debt, according to a report in The Wall Street Journal. Get the Full Story Complete the form to unlock this article...
Moody’s Investors Service, an American Credit rating firm, has released its quarterly Pulse of Consumer Credit report, and in a report emailed to PYMNTS, it showed some insights into the relationship between the population and its credit. Get the Full Story Complete the form to...
