House Financial Services Ranking Member Patrick McHenry: Use Technology to Serve Unbanked and Underbanked Americans
House Financial Services Ranking Member Patrick McHenry: Use Technology to Serve Unbanked and Underbanked Americans The House Financial Services Committee recently held a virtual hearing entitled “Oversight of Prudential Regulators: Ensuring the Safety, Soundness,...
Banks Planning to Issue Credit Cards to People Without Credit Scores
Banks Planning to Issue Credit Cards to People Without Credit Scores Major U.S. banks like JPMorgan, Wells Fargo, and U.S. Bancorp are planning to start sharing data on customers’ accounts in an effort to provide credit to Americans without credit scores. This...
Credit Card Balances Still Declining
Credit Card Balances Still Declining Americans are paying down their credit card debt at the fastest rates in years, so large issuers are spending more on marketing and loosening their standards for underwriting. Card balances at Discover Financial Services, Capital...
