The Federal Deposit Insurance Corp. (FDIC) and the Federal Reserve Board fined Discover Financial Services and two subsidiaries, Discover Bank and DFS Services LLC, alleging that they misclassified consumer credit...
Barclays and private equity firm Brookfield Asset Management partnered to grow Barclays’ payment acceptance business and transform it into a standalone entity. The partnership brings...
U.S. Bancorp’s first-quarter earnings results showed strong credit quality, as consumer card delinquencies slipped year over year even with the current state of macroeconomic uncertainty....
A federal judge has thrown out the Consumer Financial Protection Bureau’s (CFPB) late fee cap. The ruling by U.S. District Judge Mark Pittman came after...
Intuit says it is preparing to acquire mobile-first credit card platform Deserve. The deal, announced Monday (April 14), will see Intuit acquire “key technology” and team members from Deserve,...
The travel industry is facing some headwinds headed into the peak season for getting away from it all. Inflation’s still with us, and several recent...
Revolut is reportedly building a rewards-based credit card that would use the RevPoints points system the company launched in July for use with debit cards....
Budget-conscious consumers reach for debit cards to maintain financial discipline, while the allure of rewards continues to fuel credit card use. The PYMNTS Intelligence report...
If small businesses are the lifeblood of the economy, they may be feeling a bit anemic, at least when it comes to their finances. There’s...