NEW YORK—Banks issued 42% more credit cards in the first six months of 2021 compared with the same period in 2020, including a record-high 6.93 million in June 2021, according to a new Equifax report.
Fresh Today
CUPERTINO, Calif.–Apple is stealthily but strategically sneaking up to grab share in an area that could be a great threat to credit unions—payments, according to one person.
SACRAMENTO, Calif.—California Gov. Gavin Newsom has signed into law a bill that closes a loophole that prepaid card companies had been using to evade California and federal laws that limit overdraft fees
PURCHASE, N.Y.—Saying it has a goal of supporting more than five-million micro and small businesses worldwide struggling to transition to digital, Mastercard — through the Center for Inclusive Growth — has announced the debut of Strive.
NEW YORK—There was nearly a 7% decrease in in-store gift card loads in 2020, a new report reveals.
NEW YORK—Bilt Rewards has introduced a revamped rewards program that allows cardholders to earn bonus points in new spending categories and simplifies earning points on the largest expense for many Americans—rent.
NEW YORK—Shipt has announced a major deal, potentially opening the company up to millions more users through Visa.
ATLANTA–After initial research on how consumers view interactive teller machines (ITMs), follow up research now offers insights into how financial institutions view the growing technology.
WASHINGTON — The US Department of Education has announced major changes to a federal student loan forgiveness program it says could provide relief to more than 550,000 borrowers working in government and nonprofit sectors.
ARLINGTON, Va.—Total vehicle sales fell from 13 million annualized units to 12.2 million annualized units in September, with monthly sales levels down 25.2% year over year.