Highlights The CFPB has corrected its data on “credit invisible” and unscored populations. A new report shows credit invisibles’ ranks are half the size of original estimates. But there are still roughly 25 million unscored individuals, representing nearly 10% of ...

Bank of America Corporation (NYSE:BAC) is one of the best US stocks to buy and hold in 2025. As Los Angeles marks 6 months since the onset of the January 2025 wildfires, Bank of America announced on July 7 an ...

Executives have been “careful about overexpecting,” Bank of America CEO Brian Moynihan said.Stephanie Keith/Bloomberg via Getty Images KEY TAKEAWAYS U.S. banks may be slowly turning a corner in the second half of the year after a nervous first six months ...

The CFPB has dismissed its case against Navy Federal Credit Union alleging it charged illegal overdraft fees. In November, the bureau ordered Navy Federal to refund more than $80 million to consumers, stop charging overdraft fees it deemed illegal, and ...

Apple, Mastercard, and Visa have managed to get a lawsuit dismissed claiming that the three companies conspired to inflate credit and debit card transaction fees paid by merchants. In December 2023, Mirage Wine & Spirits filed a lawsuit alleging that ...

Credit card debt in the United States reached a new nominal record in May, with balances totaling $1.31 trillion. However, when adjusted for inflation, the current total remains below the all-time high recorded in 2008, according to analysis of the ...

Payment Hubs are Gaining Traction1 A payment hub is a centralized technology platform that acts as a financial institution’s center for payment processing and connectivity. Payment hubs are an increasingly popular upgrade for financial institutions, helping them accelerate their modernization ...

Delta Community Credit Union has added Barrow, Jackson, Newton and Walton counties to its field of membership in metro Atlanta. The expansion, approved by the Georgia Department of Banking and Finance, allows Georgia’s largest credit union to grow its footprint ...

Bank of America - Photo courtesy of Michael Berlfein on Shutterstock Bank of America Monday announced an additional $1 million in philanthropic funding to Los Angeles nonprofits for wildfire recovery efforts, bringing its total fire-related contributions to over $3.5 million ...