PURCHASE, N.Y.—Mastercard said it has introduced on-demand access to online shopping and grocery delivery through a partnership with Instacart, in addition to announcing its first streaming service subscription offering with Peacock on its consumer rewards credit cards.
NEW YORK—The rush to add cardholders during the pandemic, including dangling rewards to sweeten the offers, has created some challenges for issuers and cardholders alike, according to a new report.
SAN FRANCISCO—Visa and Swift reported they are partnering to facilitate international business-to-business payments.
WASHINGTON—The Federal Trade Commission and State of Wisconsin have taken action against Wisconsin auto dealer group Rhinelander Auto Center, its current and former owners, and general manager Daniel Towne for “deceiving” consumers.
WASHINGTON — For the fourth year in a row, U.S. consumers are conducting their banking via mobile apps more often than any other method, according to a new survey conducted by Morning Consult on behalf of the American Bankers Association.
NEW YORK–Should mortgage rates remain at 8% and higher for an indefinite period, home prices are going to take a hit, according to Morgan Stanley.
ST. LOUIS–The ongoing increases in rates aren’t helping the 61% of Americans who say they are in credit card debt and who say they owe, an average, $5,875, according to a new survey.
WESTBROOK, Maine–With this state still feeling “shock” over the mass shooting in Lewiston that claimed the lives of 18 people and which injured 13 others, Cris Wescott, president and CEO of the Maine league said there are “no words that can capture the sadness we are feeling…Scenarios like this are everyone’s worst nightmare and certainly not the type of incident we expect here in Maine.”
ALEXANDRIA, Va.–Herbert “Bertie” Bowman, an icon on Capitol Hill and long-time board member of U.S. Senate FCU—after whom the credit union’s new headquarters is named—has died. Mr. Bowman was 9
WASHINGTON–CUNA has released a new report showing the percentage of women in CEO positions is significantly higher at credit unions than banks.
