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Trade groups file lawsuit in Texas federal court challenging CFPB final credit card late fee rule and ask for preliminary injunction

CFPB Monitor

Just two days after the CFPB issued its final credit card late fee rule (Rule) last week, a lawsuit was filed in a Texas federal district court seeking to invalidate the Rule.

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For Retail Promotions, Rewards Beat Out Discounts

PYMNTS

Dubbed “Target Red,” the program will not be linked to a debit or credit card , The Star Tribune reported in March. Joshua Thomas, a Target spokesman, told the newspaper, “We know not everyone wants another credit card. Target , among other retailers, is beginning to experiment with a new rewards program.

Retail 148
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How Innovation Became A Core Competency For Neiman Marcus

PYMNTS

The new Neiman Marcus store in Dallas-Fort Worth is both very much like — and completely different from — the 42 other Neiman Marcus stores scattered throughout the United States. A private label card that is the epitome of private label cards. But this Neiman’s is also very different.

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Target Experiments With New Loyalty Program

PYMNTS

As growth of Target -branded payment cards has slowed, the retailer is beginning to experiment with a new rewards program: Dubbed “Target Red,” the new program will not be linked to a debit or credit card , The Star Tribune reported. “We So, we want to find a way to grow our relationship and affinity with those guests.”.

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Airports Expand Range Of Digital Identity Technology

PYMNTS

Last month, American Airlines announced that it will be piloting a new touchless mobile identity system at Dallas/Fort Worth International and Reagan National airports that will allow passengers to verify their identities with their faces at the check-in desk. What American Airlines Is Adding. That is the power of a platform.

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Elevate Credit introduces a subprime credit card

Payments Source

The Fort Worth, Texas, company will be competing in a segment of the U.S. card market that has grown more competitive in the last few years.

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How J.Crew, H&M, Others Push Hard On Payments Innovation, Loyalty

PYMNTS

Target , for instance, is beginning to experiment with a new rewards program called “Target Red” that will not be linked to a debit or credit card , The Star Tribune reported in March ahead of a reported test of the program. Target spokesperson Joshua Thomas told the newspaper at the time, “we know not everyone wants another credit card.