American Express's (NYSE:AXP) credit card delinquency rate stayed stable in October, while its net charge-off rate rose, in line with many other card issuers. Its U.S. consumer card delinquency rate  was 1.4% in October, unchanged from September, and up a ...

Resuming its efforts to combat unscrupulous cash advance practices, on November 5, 2024, the FTC filed a complaint against Dave, Inc. (“Dave”), a Delaware fintech corporation that operates a mobile application it advertises as offering “instant” short-term advances. The complaint alleges several ...

On November 12, the U.S. Court of Appeals for the Fifth Circuit denied a request from Community Financial Services Association of America (CFSA) and the Consumer Services Alliance of Texas to reopen their legal challenge against the Consumer Financial Protection ...

The FCC has proposed rules on “robocalls and robotexts” generated by artificial intelligence, which commenters say the commission should narrow down or delay. The Federal Communications Commission received pushback in additional comments on its proposed rule on artificial intelligence (AI) ...

A new study by FICO has underscored the need for banks to strike a better balance between customer satisfaction and fraud mitigation as real-time payments (RTP) surge in popularity. In the survey, one in four (26%) per cent of consumers ...

Bernie Sanders said he is open to working together with Donald Trump on credit card interest rate cap proposal. Donald Trump pledged to cap interest rates on credit cards in September rally Bernie Sanders said he is willing to work ...

Big Lots is being acquired by affiliate Nexus Capital Management LP, and the sale is expected to be finalized by the fourth quarter of 2024. Big Lots is closing an additional 19 stores as the company continues to navigate through ...

A new partnership has been announced between LexisNexis Risk Solutions, the insurance data and advanced analytics provider, and TransUnion, the global information and insights company, to offer TransUnion’s Affordability Report to UK insurance providers.  In 2022, LexisNexis Risk Solutions and ...

German consumers expect greater protection from their banks in the face of increasing real-time payments (RTP) and growing fraud activity Highlights Additional security checks: Half of consumers want more protection mechanisms for bank transactions - a clear signal to banks ...