These days, general-purpose reloadable prepaid cards are better served by the phrase “prepaid account,” which helps underscore their evolution from payment cards to fully-fledged banking products.
October 5, 2018While consumer credit card loans outstanding are on the rise, growth remains relatively subdued, especially in comparison to automobile and student loan growth rates, suggesting that consumers continue to approach card debt conservatively.
June 1, 2017Between 2006 and 2016 African-Americans were responsible for a significant portion of the growth in several key categories of financial services.
February 12, 2018Legislators and regulators around the world strengthened financial regulations following the 2008 financial crisis that helped cause the 2009 global recession and contributed to the severity of the 2007-2009 US recession. However, as the financial crisis recedes from memory and as some participants in the banking industry voice complaints that regulations are preventing them from lending more aggressively, Congress and regulatory agencies have taken steps to curtail some regulations.
April 22, 2019