Fresh Today

Fresh Today

WASHINGTON—During the third quarter banks were less likely to approve credit card and auto loan applications for borrowers with FICO scores of 620 than they were at the beginning of the year, according to the Federal Reserve's third-quarter Senior Loan Officer Survey.

WASHINGTON—The U.S. Faster Payments Council, which will coordinate the remaining implementation work identified by the Federal Reserve's task forces to modernize the U.S. payment system, launched this week.

NEW YORK—Although credit card interest rates are rising, not all the news about plastic is bad.  That's because some credit card fees are disappearing, particularly foreign transaction fees.

CARPINTERIA, Calif. – Spending for goods and services initiated by credit, debit, and prepaid cards issued in the United States, which totaled $6.616 trillion in 2017, will reach $9.313 trillion in 2022, according to statistics just released by The Nilson Report.