The drop in new line amounts suggests that issuers are seeking to rein in risk by giving new accounts less purchasing power on their cards. That data point is worth watching as we move through 2026 to ...

When a consumer turns to a BNPL product at the point of sale, it represents one more transaction that may have otherwise gone on a credit card and generated interchange revenue for a credit card ...

Senators Jeff Merkley (D-OR), Jack Reed (D-RI), Elizabeth Warren (D-MA), and Sheldon Whitehouse (D-RI) introduced a bill, the ...

About 40% of cardholders have used virtual card numbers in the last six months, mainly to pay for online purchases and ...

But this constant ratcheting up of ultra-luxe benefits isn’t sustainable. The challenge is twofold: First, extremely affluent consumers are a relatively small slice of the societal pie. If you are ...

When a bank shuts down, surviving banks can face increased costs. The banks that the Federal Deposit Insurance Corporation (FDIC) provides insurance to are responsible for paying quarterly premiums to ...

A U.S. District Court Judge based in Chicago’s Northern District validated the key elements of a new law passed by Illinois ...

The fight over interchange in Illinois took a turn this week when a U.S. District Court Judge ruled in favor of the state’s move to ban swipe fees on taxes and tips. Merchant groups came out in ...

Lillian Guevara-Castro brings more than 30 years of editing and journalism experience to the CardRates team. She has worked at The Atlanta Journal and Constitution, Gwinnett Daily News, Gainesville ...

Eric Bank is an M.B.A. who has covered financial and business topics since 1985, appearing regularly on Credible, eHow, WiseBread, The Nest, Zacks, Chron, BadCredit.org and dozens of other outlets.