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CFPB October 2016 complaint report highlights prepaid card complaints, complaints from North Carolina consumers

CFPB Monitor

The CFPB has issued its October 2016 complaint report which highlights complaints about prepaid cards and complaints from consumers in North Carolina and the Charlotte metro area. The CFPB began taking prepaid card complaints in July 2014. On November 17, 2016, from 12 p.m. A link to register is available here.

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Bank of America hurt by rising losses in credit cards, office loans

American Banker

Net charge-offs at the Charlotte, North Carolina-based bank increased by more than 80% in the first quarter compared with a year earlier. BofA executives say that the rising losses were in line with the bank's risk appetite.

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Truist selling last chunk of insurance business. Now what?

American Banker

The Charlotte, North Carolina, company has agreed to sell its remaining 80% stake in its insurance brokerage unit to raise billions of dollars in cash and extra capital. The "wild card" is how Truist will deploy them, one analyst says.

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Darden Cyberattack Puts 567K Cards At Risk

PYMNTS

Darden Restaurants announced Wednesday (August 23) that the data on 567,000 payment card numbers may have been exposed. The company said payment card information — including card numbers — from visitors who went to the restaurants from Nov. 3, 2017, through Jan. 2 2018 may have been affected.

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WEX Extends Fuel Card Contract With Sheetz

PYMNTS

announced a 10-year extension of its fleet fuel card contract with convenience chain retailer Sheetz, Inc., WEX supports the Private Label, Universal and Tri-Brand fleet cards available at Sheetz, which can be used to purchase gasoline at store locations. On Wednesday (Oct. 18), payment solutions company WEX, Inc.,

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Target Circle Loyalty Program To Go Nationwide In October

PYMNTS

The offering does not require a person to have a Target credit card or pay a membership fee.) 19 in five cities: Kansas City, Phoenix, Denver, Indianapolis and Charlotte, North Carolina. The company noted that over two million people enrolled in the program over an 18-month period and have made over 14 million transactions.

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Spreedly Rolls Out Innovative Revenue Optimization Tools

PYMNTS

Spreedly , a payments infrastructure firm headquartered in Durham, North Carolina, is introducing innovative revenue optimization solutions aimed at increasing conversions. For example, when stored cards expire and can’t be used for transactions, that can negatively affect subscriptions and other purchases.