Loan Balances Up Again Through October, But Lending Forecast is Somewhat Mixed in New Trends Report 12/26/2022 12:59 pm MADISON, Wis.—Loan balances were up again in October, according to the latest CUNA Mutual Group Trends Report, which offers a forecast for what 2023 may hold for lending that is both favorable and not so favorable.
FTC Orders Mastercard to Cease ‘Illegal Business' Tactics in Routing Debit Payments and to Provide Competing Networks With Info 12/26/2022 12:58 pm WASHINGTON–The Federal Trade Commission has ordered an end to what it called “illegal business tactics” by Mastercard, saying the company has been forcing merchants to route debit card payments through its payment network. The FTC is requiring Mastercard to stop blocking the use of competing debit payment networks.
Small Biz Owners See Bumpy Road Ahead; New Challenges for Card Issuers, Says J.D. Power Study 12/26/2022 12:57 pm TROY, Mich.— Small business owners who’ve spent several months battling inflation are bracing for an even bumpier road ahead, according to the J.D. Power 2022 U.S. Small Business Credit Card Satisfaction Study.
Household Wealth Continues to Decline; Delinquencies Rise 12/26/2022 12:57 pm PLANO, Texas—Household wealth declined to $135.3 trillion as of Sept. 30 from $135.8 trillion at the end Q2, the third consecutive quarter household wealth has declined, a new analysis shows.
