credit

Credit Spigots Continue to Tighten for Small Businesses
Credit Spigots Continue to Tighten for Small Businesses
March 08, 2024  |  SMBs

The traditional spigots of credit continue to tighten for small businesses. Blame higher rates, the continued fallout of the Silicon Valley Bank collapse last year, and skittishness...

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Fed’s Credit Data Signals Caution for Merchants
Fed’s Credit Data Signals Caution for Merchants
March 08, 2024  |  Economy

For merchants, reliant upon consumer spending — and credit as a way to enable that spending — the warning signals are flashing. The Fed’s latest...

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Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
March 07, 2024  |  Consumer Finance

Consumers’ total outstanding credit leapt by $19.5 billion in January. Revolving credit accounted for $8.4 billion of the increase, while nonrevolving credit made up the...

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US Chamber Sues CFPB to Block Credit Card Late Fee Limits
US Chamber Sues CFPB to Block Credit Card Late Fee Limits
March 07, 2024  |  Legal

The U.S. Chamber of Commerce filed a lawsuit against the Consumer Financial Protection Bureau, aiming to stop the agency from implementing its new rule to limit credit card...

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Will Credit Access Get Caught in CFPB Late Fee Cap Crossfire?
Will Credit Access Get Caught in CFPB Late Fee Cap Crossfire?
March 07, 2024  |  Credit Cards

The Consumer Financial Protection Bureau finalized a rule this week slashing what it labeled “excessive credit card late fees,” reducing the penalty card issuers can charge from the typical...

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Allianz Trade Launches Payment Solution for B2B eCommerce
Allianz Trade Launches Payment Solution for B2B eCommerce
March 06, 2024  |  B2B Payments

Allianz Trade, a provider of trade credit insurance, has launched a comprehensive payment solution designed for B2B eCommerce. The new “Allianz Trade pay” aims to...

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PayJunction Adds Credit Card Surcharge Capabilities to Payment Acceptance Tool
PayJunction Adds Credit Card Surcharge Capabilities to Payment Acceptance Tool
March 05, 2024  |  Credit Cards

PayJunction added credit card surcharge capabilities to its No-code Payments Integration platform. With the addition, independent software vendors (ISVs), developers and merchants can add credit card surcharging to...

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CFPB Rule Lowers Credit Card Late Fees to $8
CFPB Rule Lowers Credit Card Late Fees to $8
March 05, 2024  |  CFPB

America’s consumer protection watchdog finalized a rule lowering credit card late fees. In a statement issued Tuesday (March 5), Consumer Financial Protection Bureau Director Rohit Chopra said the rule...

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CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
CFPB Rule on Late Fees May Hamper Banks’ Ability to Innovate
March 05, 2024  |  Banking

Call it a form of fixed pricing in the banking industry. Financial services are joining the ranks of segments, such as pharma, where there are...

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