Richard Fairbank news and trends

‘Minimum-Payment Effect’ Covers Growing Number of Credit Card Users
Consumer Finance // January 26, 2025

For American consumers, making minimum monthly credit card payments is becoming the norm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
Banking // January 21, 2025

Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping out one-time items, credit performance was flat along several metrics. Get the Full Story Complete the form to unlock this...

CapOne CEO Says Consumers in ‘Good Shape’ as Card Purchases Surge
Earnings // October 24, 2024

Capital One’s most recent quarterly earnings, posted Thursday (Oct. 24) after the bell, indicated that cardholders continued to embrace credit as a key payment method, and consumers remained in “good shape,” according to the CEO. Get the Full Story Complete the form to unlock this...

Capital One’s Profit Eroded by Walmart Deal Collapse, Discover Uncertainty
Earnings // July 23, 2024

It’s earnings season for America’s biggest financial services companies and institutions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Interviews & Exclusives
Capital One CEO Says Discover Acquisition Will Build ‘Something Special’

April 22, 2025
With less than one month to go before its acquisition of Discover Financial Services, Capital One is on track to deliver synergies and forge an expanded consumer card and digital banking footprint in what the latter’s CEO, Richard Fairbank, said will create “something really special.” Get the Full Story Complete the form to unlock this […]

Quick Reads
‘Minimum-Payment Effect’ Covers Growing Number of Credit Card Users

January 26, 2025
For American consumers, making minimum monthly credit card payments is becoming the norm. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications […]

Capital One Reports Delinquency Rate Back to Pre-Pandemic Level

October 26, 2023
The delinquency rate in Capital One’s domestic card business continued to rise in the third quarter and has returned to its pre-pandemic level. Get the Full Story Complete the form to...

JPMorgan Chase’s Consumer Deposits ‘Slightly Down’ Over Banking Crisis and Rates

June 13, 2023
The banking industry is facing several challenges concerning consumer deposits, according to Jennifer Piepszak, co-CEO of JPMorgan Chase’s consumer and community banking unit.  Get the Full Story Complete the form to...

Capital One Misses 4Q Estimates As Net Charge-Offs Grow

January 24, 2018
Capital One missed estimates, adjusted for impact of the tax bill that was signed last year as loans grew across cards and autos, but credit losses grew, too. Get the...