Welcome to Five at Five, your late look at the day’s payments and commerce news. Today’s coverage includes the latest on how Visa views cryptocurrencies,...
Moody’s said in its latest reading of the “pulse of the consumer” that in viewing the charge-off rate, growth had slowed among the largest U.S....
By many measures, the economy looks strong. The stock market — despite a fairly steepWh correction a week ago — is still well ahead of where...
Discover Financial Services, like so many peers in the financial sphere, took a charge in the fourth quarter tied to tax legislation passed during the...
Rising interest rates and rising card defaults created an interesting split position for Capital One’s earnings picture for Q3. All in all, the bank had...
As concerns about consumer debt and consumer debt delinquency are rising — and as the instances of both are also on the increase — Discover...
Charge-offs have hit a four-year high — and banks, markets and economy watchers are keeping close tabs on what appears to be the reversal of...
The credit card companies are out with data on May credit card charge-offs, which shows a mixed bag among the different players in the industry....
Moody’s Investors Service reported Thursday (June 8) that credit card charge-offs — debts that are so delinquent that lending institutions have basically given up on collecting...