Consumers again demonstrated resilience in the New York Federal Reserve’s most recent Quarterly Report on Household Debt and Credit. For three years lenders have largely stayed on the sidelines when it came to extending credit to average consumers—the average Bank of America credit cardholder’s FICO score was 777 as of Q1 2025. Banks have already started to shift their lending behavior, but it may be too late.

Capital One will issue T-Mobile’s first credit card, according to Bloomberg—but it won’t run on Capital One’s recently acquired Discover network. Whether T-Mobile snubbed Discover or Capital One wasn’t ready to integrate its credit card products with the newly acquired network, the optics of running a new card on Visa aren’t great. But Visa and Mastercard shouldn’t exactly call this a win. While Discover's total volume is still an order of magnitude lower than that of Mastercard or Visa, incremental gains will lead to real lost volume opportunities for the duopoly.

The agency wants to rework the rules to address banks' concerns. We look at what it would mean for open banking adoption in the US.

From a slew of major partnerships to our forecasts for slower user growth, we look at the biggest BNPL trends of 2024—and what they mean for 2025.

The milestone signals confidence in crypto’s future under Trump. Upcoming regulation could finally get crypto payments off the ground.

Offering a seamless returns process can help merchants win repeat shoppers.

Coronavirus relief programs might make credit scores a less reliable indicator of financial stability—which may push issuers to adopt alternative measures like account deposit data.