Key Takeaways The Consumer Financial Protection Bureau has elected to end its pursuit of capping the late fees large credit card issuers can charge at $8. The bureau’s legal counsel determined that such a cap would violate the Credit Credit Card Accountability and Disclosure Act of 2009. A rule that would have drastically reduced how much a credit card issuer can collect when cardholders miss payment due dates appears to be off the table. On April 14, the Consumer Financial Protection Bureau...

Key Takeaways With increased competition in the payments space, credit card issuers can maximize customer lifetime values to grow revenues. Strategic partnerships with airlines and popular retailers enable issuers to leverage partner reputations and customer bases. Data analytics programs allow issuers to identify cardholder behaviors and offer benefits that align with their purchasing patterns. Credit card issuers face competition on a number of fronts when they try to attract new customers....

Our experts and industry insiders blog the latest news, studies and current events from inside the credit card industry. Our articles follow strict editorial guidelines. Key Takeaways The Interchange Fee Prohibition Act seeks to prevent interchange fees from being assessed on the sales tax and tips portions of a credit or debit card transaction. Banking groups have partnered to fight the act before it takes effect on July 1, 2025. The act may create compliance issues for merchants and force...

Our experts and industry insiders blog the latest news, studies and current events from inside the credit card industry. Our articles follow strict editorial guidelines. Key Takeaways Visa has introduced its new practice dedicated to discovering and eliminating emerging scams. Known as Visa Scam Disruption, the group halted more than $350 million in fraudulent activities in 2024. Fraud can be costly to merchants, but new technologies can help them identify suspicious activity. Credit cards...