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Fleet Cards Caught In Crosshairs Of Corporate Card Fee Debate

PYMNTS

Fleet payments company FLEETCOR is facing criticism over fees associated with its fleet cards, according to reports in Bloomberg last week, which small businesses (SMBs) say are too high. The issue mirrors the debate over payroll card fees, and raises new concerns over fees linked to card products for businesses, including interchange fees.

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NY federal district court holds NBA preempts application of state usury law to securitized credit card receivables

CFPB Monitor

Chase Card Funding, LLC held that the National Bank Act (NBA) preempted the plaintiff’s claims that the interest charged on his credit card account violated New York usury law. The named plaintiff was the holder of a credit card issued by JPMorgan Chase Bank, N.A. May Department Stores , 218 F.3d 3d 919 (8th Cir.

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Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Afterpay does not perform a hard credit check on users, but it can still affect credit if users have a credit card as the form of payment connected to their Afterpay account or if they fail to pay back their loans. Notable merchant partners include Best Buy, Home Depot, and Target.

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CFPB March 2017 complaint report highlights credit card complaints, complaints from Massachusetts consumers; Ballard Spahr to hold April 13 webinar

CFPB Monitor

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. to 1:00 p.m.ET, Ballard Spahr will hold a webinar, “The CFPB’s Consumer Credit Card Market RFI and Other Important Recent Credit Card Developments.” On April 13, 2017, from 12:00 p.m.

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The Countdown To Walmart Pay Is Getting Short

PYMNTS

Three months later – well into pilot programs in Kansas, Arkansas and Missouri and less than 6 weeks before the national rollout is set to start in June, the conversation has shifted to customer service, eCommerce and how well Walmart has prepared to step into the digital arena and fight for dominance.

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CFPB March 2017 complaint report highlights credit card complaints, complaints from Massachusetts consumers; Ballard Spahr to hold April 13 webinar

CFPB Monitor

The CFPB has issued its March 2017 complaint report that highlights credit card complaints. to 1:00 p.m.ET, Ballard Spahr will hold a webinar, “The CFPB’s Consumer Credit Card Market RFI and Other Important Recent Credit Card Developments.” On April 13, 2017, from 12:00 p.m.

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China’s Millennials Willing To Take On Debt

PYMNTS

Along with being largely more tech-savvy, educated and affluent than previous generations, Chinese millennials were also raised in a time of relative stability and affluence in the nation. And BMI Research shows that while mortgages still comprise a majority of Chinese household debt, credit card and consumer loans have already grown from 4.6