For all the harm caused by the COVID crisis, one clear winner to emerge from the mess is debit. Consumers have turned to debit in battalions as fear of accruing debt in a time of severe economic uncertainty caused a drop in credit card usage....
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Officials at the Federal Reserve, the Federal Deposit Insurance Corp. (FDIC) and the Treasury Department are looking to see if American Express Co. (AmEx) harnessed strong and deceptive sales practices for card sales to business owners and if clients experienced negative effects, The Wall Street...
Consumers love how easy it is to use credit cards to make purchases, but hate how hard it can be to dispute a transaction. In the Credit Card Frictions Report, PYMNTS surveyed over 2,000 consumers to examine how frictions such as card disputes and declines...
The pandemic has cast a chill across the loan process, but Matt Harris, co-founder and CEO of Bloom Credit, told PYMNTS that a lack of credit data and creative alternative solutions might be causing even more lending problems. Get the Full Story Complete the form...
