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The rule classified BNPL providers as credit card issuers, requiring them to provide users the same rights and legal protections that traditional credit cardholders get. The court filing was part of the lawsuit the Financial Technology Association (FTA) brought against the CFPB over this rule. The CFPB asked the judge to halt the legal proceedings due to its plans to withdraw the rule.

For example, consumers pay with credit cards via credit, and they pay with debit cards via ready bank account funds. In May 2024, Visa changed the game, launching a single in-app credential that card issuers can place in consumers鈥� digital wallets. An issuer can give a cardholder the flexibility to toggle between multiple accounts tied to one card.

The card network is positioning itself at the forefront of the crypto payments space, centered on stablecoins

Offers real-time tracking of employee credit card use. Lets business owners set spending controls and limits. Includes receipt upload and transaction matching for easier expense management. Is built into the U.S. Bank credit card infrastructure with no separate app needed. And the all-in-one Business Essentials checking account:. Has unlimited digital transactions and no monthly maintenance fees.

The tie-up also makes Marqeta a more attractive card partner for fintechs

Many Gen Zers flock to BNPL as a financing option because they don鈥檛 yet have credit cards. And a nervousness to acquire credit card debt, driven by high interest rates, is pushing many to put off applying for one. For Gen Zers who do have a card, low credit limits may steer them to supplement credit card spending with BNPL.

Banks should continue promoting consumer credit products (like credit cards and loans) while emphasizing financial education on how to prepare for economic downturns. In light of the potential for rising consumer defaults, banks should consider more flexible repayment options for loans and credit products. These could include payment deferrals, reduced minimum payments, or loan restructuring.

The news: Mastercard rolled out the Business Builder program with debit and credit card products designed for creators, per a press release. The program includes business-building tools from Tailor Brands to help creators simplify their business management, lower their tax burden, and reduce their personal liability for online content.

The two have also addressed concerns around international acceptance and worked to improve credit card delinquencies to help mitigate concerns around concentrating their riskier debt profiles into a single entity.

Forty-two percent of adults in Latin America don鈥檛 have a credit card, per BCG鈥檚 analysis of World Bank data. And less than a third overall have access to alternative credit options like loans and investments, according to Mastercard and AMI. For banks seeking growth, the rise of Latin America鈥檚 consumer class signals a surge in demand for financial products and services.

Card-linked installments will be BNPL fintechs鈥� biggest competitors. Credit card providers are pushing these programs to keep payment volume on their networks. For example, Citi linked its installment offering to its travel booking platform in September 2024. And Chase launched a Travel Now, Pay Later program in July.

Over the holidays, 54% of Gen Zers used BNPL, outpacing the 50% who used credit cards, per a J.D. Power survey. That鈥檚 well ahead of the general public, where only 32% used BNPL, compared to 61% who used credit cards. Gen Z鈥檚 reliance on BNPL is only growing.

The updated program promises faster rewards, easier redemptions, and 5% daily savings on eligible purchases for customers using the MyLowe鈥檚 Pro Rewards Credit Card. Our take: While the housing market may be frozen now, Lowe鈥檚 is betting on a rebound. By investing in its pro business, it aims to emerge in a stronger position when new home construction inevitably picks up.

Methodology: Data is from the February 2025 Earnest Analytics report titled "Tracking Fitness Spending and Wellness Device Trends With Credit Card Transaction Data." Data is based on Earnest's Orion transaction data and online Earnest Dash platform, which includes sales records for individual, anonymous credit, and debit card accounts.

The BNPL provider pushed the Affirm Card and notched new partnerships to stay ahead of competition.

Our take: A poor experience with BNPL could push consumers to other payment options like credit cards, dampening already slowing growth. We forecast BNPL payment value growth will slow from 20.8% in 2024 to 15% in 2025 and 12.5% in 2026. And given Gen Zers will make up 30.2% of US BNPL users this year, per our forecasts, their unease with the payment method could be particularly damaging.

But despite being the first foreign credit card network to gain approval, Amex has fallen behind the other card networks in gaining partnerships with China鈥檚 major digital wallets. Alipay already partners with Visa, Mastercard, Discover, Diners Club International, and JCB.

Extending credit to fewer consumers across the income spectrum means issuers are using their ad money to target a smaller, wealthier share of consumers who could easily get approved for a card from any issuer. But middle- and lower-income consumers aren鈥檛 eager for new cards. Net consumer demand for credit cards has decreased for most of 2024, per the Fed.

Generation Z: Though over 1 in 3 Gen Zers already have credit cards, younger Gen Zers are becoming eligible for credit. But it鈥檚 not just access they鈥檙e after鈥攖hey want convenience. They care about easy access to ATMs for cash, and being able to make mobile, contactless payments.

Capital One would also become the largest credit card issuer and the sixth largest bank in assets, propelling it past Goldman Sachs, PNC Bank, and Truist Bank. Our take: Given recent reporting, it seems unlikely that the DOJ will sue to block the merger, a major win for Capital One and Discover. The DOJ will instead leave the approval up to the Fed and the OCC.

It asked a Texas judge to scrap the $8 credit card late fee cap. The agency dropped its lawsuit against Zelle, Bank of America, JPMorgan, and Wells Fargo. Vought also zeroed out the CFPB鈥檚 funding for the year and tried to fire 80% of the agency鈥檚 employees. But the open banking rule seemed to be on safer ground.

My number is one in six Gen Z credit card users have maxed out their credit cards. Lauren Ashcraft (06:58):. Wow. Grace Broadbent (06:58):. Which means they've utilized more than 90% of their credit limits, which is well higher than any other generation. Rob Rubin (07:05):. Yeah. Grace Broadbent (07:05):.

The new product adds to their existing offerings, which include deposits, co-branded credit cards, and business banking products. How we got here: State Farm has over 91 million active insurance policies, per its website. And since its partnership with U.S. Bank began in 2020, over 900,000 State Farm customers have accessed U.S. Bank鈥檚 products.

Holiday spend, international transactions, and non-card payments boosted growth

Cross-selling capabilities: Banks are using apps to cross-sell, with 41% promoting credit cards to existing customers and 29% displaying mortgage rates in unauthenticated areas. Customers like when banks make relevant financial recommendations, and U.S. Bank鈥檚 recent cross-selling campaign does exactly this.