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Credit card holders accustomed to fancy perks are in for a rude awakening
Sellers will be able to charge different prices to consumers based on the card they use
Republicans say the issue shows how the president’s policies have triggered what they call a cost of living crisis
Talks show largest US lender’s appetite for a payments network to support its credit card business
Average annual percentage interest rate has risen to 34.7 per cent
Bank’s Discover Financial takeover proposal faces an ‘aggressive sheriff’ in US antitrust regulators
Takeover set to unite two of the US’s largest credit card companies and reshape industry
Proving you can manage your finances has real pulling power
The wealthier you are, the more alluring deals will be
Duopoly had raised their cross-border interchange rates for online transactions fivefold since Brexit
Challenger bank reports drop in earnings as cost of living crisis is set to drive up credit card arrears
Government-commissioned review also calls for alternative to ‘clunky’ Faster Payment Service
Emergency cash and repayment freeze gave lenders an ‘opportunity to juice up their growth’
Going cashless sounds futuristic until it bumps up against the reality that there is a price to pay
Rising debt burden raises fears for financial health of American households
The nature of people’s debts have changed significantly — so too must debt solutions
There is some hope that remaining ‘excess savings’ can prevent a sudden cut in spending
Demand for credit may be falling in some areas, but plastic is a different story
Fall in demand for car loans and new credit cards
New Consumer Duty regulations are, in principle, good for investors, but time will show what they mean in practice
Contract for airline’s Miles & More programme will more than double German lender’s volume of such transactions
Introducing smaller players and novel technologies could create hacking vulnerabilities
Payments company also not concerned about threat from development of central bank digital currencies
Concerns profitability has peaked following a strong 2022 are not baseless, but even so credit cards remain a lucrative business
Funds set aside offset UK lender’s revenue boost from rising interest rates
International Edition