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Credit Card news from FierceFinance
NewsSettlement could cut credit card interchange feesIn the wave of the Durbin Amendment, we suggested that banks will likely promote credit card usage at the expense of debit card usage. We are seeing that happen in in subtle ways, which makes sense Read more...Bank of America lending more to small businesses?
TheStreet.com recently published figures from Bank of America filings noting that the bank had $17.5 billion in small business loans (including credit card lines) outstanding at the end of 2010. That Read more...
Capital One to buy ING Direct, join top ranks of banks
Capital One has moved aggressively into the consumer banking industry over the past few years, gobbling up small to medium-sized bank companies in the South and Northeast and in its home region of Read more...
American Express launches low-fee prepaid card
American Express seems to be trying to create a new niche with its prepaid card. You might call it a low-fee prepaid card, a term that--until now anyways--would've been considered an oxymoron. Read more...
Bank of America's new fee stokes criticism
No one doubted that Bank of America (NYSE: BAC) and other banks would struggle in the post credit card reform era. New fees are fait accompli, as banks pretty much have no choice but to try to offset Read more...
How Bank of America might break even on Durbin Amendment
No doubt the Durbin Amendment will cut into debit card fee revenue for the big banks. But the new rule may end up a wash given the other fee raising activity underway. "I had calculated that if the Read more...
Debit card fees stoke uncertainty, posturing
One of the great unknowns remaining in the Dodd-Frank act is the rate that banks will be able to charge for debit card transactions. The new law requires the Fed to set a rate by April 2011. To that Read more...
Loan cards still a growth market?
Credit cards and debit cards have generated lots of controversy, but so-called loan cards have sailed under the radar. These cards, which were not included in recent card reform legislation, allow Read more...
Bank of America's new tiered pricing structure
One of the big issues regarding Bank of America (NYSE: BAC) was how it would offset the $4.3 billion in revenue it expects to lose due to credit and debit card reform. The bank intends to test a new Read more...
Brian Moynihan to answer some big questions at conference
Bank of America CEO Brian Moynihan will be one of the hotly anticipated speakers at Tuesday's financial services conference sponsored by Barclays. There are a lot of questions about growth and Read more...
| Press ReleasesStudent Loans Seen as Next Casualty of Sluggish Economy, FICO Quarterly Survey FindsSurvey reveals persistent and emerging concerns about nation's economic healthMINNEAPOLIS, Jan. 11, 2012 /PRNewswire/ -- FICO's quarterly survey of bank risk professionals found growing concern for Read more >> FICO Powers Philippines' Bank of Commerce Consumer Lending BusinessFICO business rules technology and advanced scoring models provide a strong strategic foundation for newly launched consumer lending businessSINGAPORE, Jan. 10, 2012 /PRNewswire/ -- FICO (NYSE:FICO), Read more >> Key to Being Financially Fit in 2012: Conducting an Annual Credit Checkup InfographicEvery American Should Check Their Credit Report Annually to Protect the Health of Their Personal FinancesLOS ANGELES, Jan. 10, 2012 /PRNewswire/ -- At the start of 2012 as millions of Americans Read more >> Fitch Rates Target Notes 'A-'; Outlook StableCHICAGO--(BUSINESS WIRE)-- Fitch Ratings has assigned a rating of 'A-' to Target Corporation's (Target) $1.5 billion of floating rate notes due 2013 and $1 billion of 2.9% notes due 2022. The Read more >> |
