Payments/Credit/Debit

Bank and credit card balances grew at a slower pace from November to December than in previous years.

Study finds many lending institutions are struggling to leverage their payments data to gain a strategic advantage.

Annual survey of banks and CUs reveals 60% are optimistic about the year ahead, yet 52% anticipate a recession.

The payments CUSO reports average credit card balances set a new record, as delinquencies rise.

However, members using its services spent little more than a year ago by credit card.

But a small gain comes as balance growth slows for both credit unions and banks.