All credit card articles

  • HSBC
    News Brief

    HSBC fined $8M by FCA for mishandling customers in default


    The U.K. Financial Conduct Authority fined HSBC nearly £6.3 million (U.S. $8 million) for failing to properly consider the financial position of customers who missed payments.

  • Blog

    FCA publishes new credit card rules


    The Financial Conduct Authority has published its final policy statement on new rules for the credit card market, which will come into force on 1 March 2018. Firms have until 1 September to comply.

  • Article

    Wells Fargo CEO faces bipartisan furor


    You know you are having a horrible week when complaints against your company unite Democrats and Republicans, but that’s exactly what Wells Fargo CEO John Stumpf faced

  • Blog

    CFPB Considers Ban on Mandatory Arbitration Clauses


    The Consumer Financial Protection Bureau is moving forward with new rules that would prohibit the mandatory arbitration clauses in contracts that banks, credit card companies, and others rely upon to prevent consumers from pursuing lawsuits. A variety of recommendations, published this week for public comment, are the results of a ...

  • Article

    Latest PCI Standard Pushes Toward Risk Management


    Image: Version 3.0 of the PCI Data Security Standard goes into effect this month—and maybe, just possibly, it will strengthen companies’ discipline against credit card data theft. The new standard prods companies to approach security as a continuous risk monitoring duty. “You can’t have smooth implementation until you start to ...