Bank of America Corporation has announced its decision to redeem all CHF 375,000,000 principal amount outstanding of its 0.2525% Senior Notes on June 12, 2025.
Corporate mega-stores are reportedly advocating for new mandates on Americans' credit cards, which some argue could lead to significant profits for large retailers while transferring costs and risks to consumers, small businesses, and community...
Phil Goldfeder, CEO of the American Fintech Council (AFC), has expressed his congratulations to Armen Meyer on his recent appointment as Senior Deputy Commissioner at the California Department of Financial Protection and Innovation (DFPI).
Leading financial organizations have collectively urged the Senate to reject a proposed amendment to the GENIUS Act, which would impose government price controls on credit cards.
The American Bankers Association and other financial trade groups have voiced strong opposition to the Durbin-Marshall credit card mandate being attached as an amendment to the GENIUS Act.
Venture X cardholders have been treated to a series of exclusive events celebrating the 50th season of Saturday Night Live and offering unique dining and entertainment experiences.
General Motors has announced an overhaul of its GM Rewards loyalty program and introduced the new GM Rewards Mastercard, issued by Barclays US Consumer Bank.
Electronic Payments Coalition Executive Chairman Richard Hunt has issued a statement in response to Senator Roger Marshall's (R-KS) introduction of the Durbin-Marshall Credit Card Mandates as an amendment to the GENIUS Act.
Digital customer engagement is becoming essential in financial services, with customer portals playing a significant role in consumer interactions for activities such as making payments and managing account details.
Anthony Lamorena, Senior Federal Affairs Manager at the R Street Institute, said that savings from interchange fees under the Credit Card Competition Act (CCCA) are unlikely to benefit consumers.
Indraneel Chakraborty, a Professor of Finance at the Miami Herbert Business School, University of Miami, said that the Credit Card Competition Act would significantly impact small credit card issuers by reducing their already thin profit margins.
This week, the American Financial Services Association (AFSA) responded to a Request for Information on Deregulation issued by the Office of Management and Budget (OMB).