NEW YORK–The nation’s oldest bank announced it will enter the market for one of the world’s newest “currencies.” Bank of New York Mellon announced it will hold, transfer and issue bitcoin and other cryptocurrencies on behalf of its asset-management clients.
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SAN FRANCISCO—Visa, a one-time opponent of the Bitcoin and cryptocurrency community, is fast becoming one of Bitcoin's biggest cheerleaders, according to one analysis.
TRAVERSE CITY, Mich.–Credit unions were the subject of a positive profile in a national report by CNBC.
WASHINGTON– A new trade association around consumer credit repair has been formed. The American Association of Consumer Credit Professionals (AACCP) has been formed, in part, it said, because an estimated one-in-five credit reports contains an error.
WASHINGTON—The owners and operators of a vast payday lending scheme that overcharged consumers millions of dollars will be permanently banned from the lending industry under the terms of a settlement with the Federal Trade Commission, the agency reported.
WASHINGTON—The Federal Trade Commission has reached settlements with four defendants charged with helping to launder millions of dollars in credit card charges through fraudulent merchant accounts.
PURCHASE, N.Y.—Mastercard has debuted a new service to boost transparency for users’ purchases online, the company said.
WASHINGTON—The Federal Communications Commission (FCC) has released a notice announcing the deadlines for service providers to start sharing information with the commission's reassigned numbers database.
NEW YORK—American Express is tweaking the rewards on its Gold Card as the company strives to hold onto affluent customers.
NEW YORK—The pandemic’s economic hit is making an outsized impact on one generation’s debt, with a greater share of Millennials reporting they have added to their credit card debt since March compared with older generations.