Bankers more optimistic about loan growth this year
Executives also say funding pressures have begun to ease, though high interest rates and deposit costs remain a leading worry, according to new surveys.
The rising pressures on credit card issuers
Regulation, credit quality and AI-fueled fraud are among the big concerns for banks and payment companies.
CFPB must stop manipulating data to support its policy preferences
Part of the Consumer Financial Protection Bureau’s mandate is to educate consumers by providing reliable information. With its credit card late fee “report” and the associated rulemaking, it has failed to live up to that responsibility.
Judge blocks credit card late fee rule from taking effect
A federal judge has granted a preliminary injunction against the Consumer Financial Protection Bureau’s credit card late fee rule, pausing it from being implemented days before it was meant to go live.
Autonomy, unlimited vacation make Union Credit best fintech to work for
The fintech topped American Banker’s annual list this year. CEO Dave Buerger attributed the company’s hands-off management style as one reason that draws in and keeps workers around.
FIS says it is once again putting banks first
The core provider’s new CEO, Stephanie Ferris, vowed to refocus on banks as FIS reboots after selling off Worldpay.
More consumers are maxing out their credit cards: New York Fed
The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a decade, according to new research. Still, card companies are generally expressing optimism about their credit outlooks.
A U.S.-dollar-pegged stablecoin would supercharge banking and payments
A “true” stablecoin would benefit the economy by improving the money supply, facilitating frictionless payments and lowering the cost of borrowing fiat currency.
American Banker news quiz: May 10
In this week’s edition of the American Banker news quiz, gauge your understanding of topics like Trump’s ongoing criminal trial, alleged misconduct within the Federal Deposit Insurance Corp., industry succession planning and more.
Why some banks have decided now is the time to sell their Visa shares
Many banks got shares in the lucrative payments network when it went public in 2008. Some of them are now looking to sell in order to offset losses on their sales of underwater bonds.