2017 Cards Lending Taxes 
PYMNTS
MAY 21, 2018
Credit Card’s Profit Squeeze. Credit card companies, faced with an increase in costs associated with rewards and rising loan losses, have seen their profitability dip of late. The balances on credit cards have grown at a fast pace — up 7 percent year over year in the early part of 2017. the CEO said.
PYMNTS
AUGUST 28, 2018
It was supposed to be a strong year for lending across the board, after a stumpy 2017, which saw numbers in both consumer and commercial lending tending toward a slump. It was almost like a dam broke when the tax legislation got enacted,” said Steve Steinour, CEO of Huntington Bancshares Inc. As of early 2018, U.S.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Gonzobanker
JANUARY 4, 2018
PayPal Launches Gift Cards. PayPal’s move into P2P gift cards is aligned with consumers’ interest in using PayPal for retail purposes. The card processing landscape experienced significant changes in 2017, and this shift in players will impact financial institutions well into the future. Heloc Tax Deduction Suspension.
PYMNTS
AUGUST 7, 2018
Traditional institutions are picking up steam in their efforts to collaborate with alternative financiers and FinTech firms, largely viewed as a way to spin the competition into allies and upgrade their lending services without the burden of in-house R&D. However, the Federal Reserve ‘s latest analysis of the U.S.
PYMNTS
FEBRUARY 23, 2018
23) that it uncovered “methodological issues” with how it calculates credit card interest rates and will offer “remediation” to those customers impacted by such calculations. The company disclosed it “self-reported” the findings to regulators, said Reuters, as pertains to Regulation Z and the CARD Act.
PYMNTS
MARCH 19, 2018
According to forecasts from Mercator Advisory Group, $700 billion in small business spend will land on cards by 2022. Issuers might accelerate movement if they give small business owners the same protections afforded to consumers in the CARD Act,” the executive noted. Twenty percent tax breaks may cause some U.S.
Gonzobanker
DECEMBER 19, 2017
Seriously, sit back with a pocket flask of Pappy Van Winkle, smoke a cigar (or your combustible of choice if you live in Colorado, California, Washington, Oregon, Nevada, Main or Massachusetts) and enjoy the 2017 GonzoBanker Awards. The Real “Lending” Stock Award – Goes to longtime player LendingTree. FinTech threats and distractions.
Expert insights. Personalized for you.
100 
Let's personalize your content