Synchrony Financial’s first-quarter results indicated that consumers are pulling back on spending, particularly for larger ticket items, and have taken steps to pare down their...
Through the past few weeks, bank earnings and American Express’ latest results point to a commercial lending environment where demand is muted in real estate,...
The movement by neobanks to branch into investing and credit card rewards, and investment platforms to branch out into banking, speaks volumes to the appeal...
Capital One and Discover Financial Services said Friday (April 18) that they have received all required regulatory approvals to complete Capital One’s proposed acquisition of...
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...