American Credit News

Last week, the American Financial Services Association (AFSA) submitted comments to the Consumer Financial Protection Bureau (CFPB) concerning changes to rules that affect how the CFPB supervises covered companies.

Chase has announced the launch of two new credit cards: the Chase Sapphire Reserve and the Chase Sapphire Reserve for Business.

The American Fintech Council (AFC) has called on the U.S. Department of Education to clarify the implications of the Stop Student Debt Relief Scams Act of 2019 (Stop Act) on legitimate financial tools used by borrowers.

Electronic Payments Coalition Executive Chairman Richard Hunt expressed approval following the U.S. Senate's decision to exclude the Durbin-Marshall credit card mandate amendment from the GENIUS Act.

The Bank Policy Institute (BPI) has raised concerns over Moody’s Ratings' proposed changes to the bank rating methodology.

Chase Freedom has announced its cash back categories for the third quarter of 2025.

Illinois Governor J.B. Pritzker has signed legislation that delays the implementation of the Interchange Fee Prohibition Act until July 1, 2026.

Lenders focusing solely on per-transaction fees might overlook the real factors increasing the total cost of acceptance, according to an upcoming webinar hosted by PayNearMe.

SoFi Technologies, Inc. has released its “The Cost of Admission 2025” report, presenting findings from a national survey of 3,500 students, graduates, and parents about the challenges and perceptions related to financing higher education in the...

JPMorganChase has announced a commitment to support small businesses in Boston with over $1.3 million in grants.

Last week, the Senate Banking Committee unveiled its portion of the "One Big Beautiful Bill (OBBB)," as President Trump's top policy priorities progress through Congress.

AFSa has sent a request to Capitol Hill, urging the reintroduction of the "Modernizing Credit Opportunities Act" (MCOA).

The American Fintech Council (AFC) has expressed its support for the Advancing the Mentor-Protégé Program for Small Financial Institutions Act, known as H.R. 3709.

Chase has introduced The Shops at Chase, a new online shopping platform exclusively for its cardmembers.

Prysma Lending Group has refused to comment following a Daily Wire report revealing the company’s targeted marketing of mortgages to illegal aliens.

The American Fintech Council (AFC) has submitted comments to the California Privacy Protection Agency (CPPA) regarding its proposed Accessible Deletion Mechanism regulation.

The Defense Credit Union Council (DCUC) has expressed concerns regarding the Credit Card Competition Act, which is part of the GENIUS Act.

Washington, D.C. – The Bank Policy Institute, American Bankers Association, Managed Funds Association (MFA), and Securities Industry and Financial Markets Association (SIFMA) have urged the U.S. Treasury to reform data management practices at...

American Banker recently published an op-ed authored by leaders from three major trade associations: Rob Nichols of the American Bankers Association (ABA), Jim Nussle of America’s Credit Unions, and Rebeca Romero Rainey of the Independent...

A recent study conducted by the University of Miami's School of Finance has analyzed the potential impact of the Durbin-Marshall Credit Card Bill and similar state-level interchange legislation on community banks and credit unions.