PYMNTS

MAY 4, 2020

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed.

Credit Limit

PYMNTS

DECEMBER 21, 2020

21) from its latest Survey of Consumer Expectations (SCE) Credit Access Survey , which showed most credit applications and acceptance rates falling sharply after February this year. The largest declines were from credit card and credit limit requests, with auto loans in second place.

Federal Reserve

PYMNTS

DECEMBER 23, 2020

In addition, some financial institutions catering to small companies will keep getting government support following a large shutdown earlier in 2020 because of the coronavirus. Ant Group Curbs Credit Limits Of Some Users Of Virtual Credit Cards. That arm of the FinTech company provides a virtual credit card.

Credit Limit

PYMNTS

MARCH 29, 2020

As a potential recession lurks, FinTechs, traditional banks and other financial institutions (FIs) are tightening the reins on loans to small businesses and households with shaky credit, The Wall Street Journal reported Saturday (March 28). Square and On Deck Capital are among the FinTechs planning to follow suit in the coming days.

Office of the Comptroller of the Currency

PYMNTS

SEPTEMBER 7, 2020

With a sense of intense urgency, the corporate card arena began to explore how to support some of the companies that were struggling the most as a result of an economic shutdown: small businesses. As the pandemic spread across Europe, and eventually the U.S., Spring began in dramatic fashion. In late-March, Bloomberg reported that large U.S.

Commercial Card

PYMNTS

JUNE 14, 2019

shutdown was preceded by the program’s closure in London in November 2018. Amazon and Synchrony Financial are partnering up on a new secured card credit offer for Amazon Prime members looking to rebuild their credit. cities as well as in London. Amazon will also be closing its Daily Dish lunch service for workers.

Push-to-Card