Watch for These Big Changes to Credit Cards in 2021

Laveta Brigham

By Sara Rathner The Covid-19 pandemic forced credit card companies to make dramatic changes in 2020, some of which will continue into 2021. Many issuers tightened their underwriting, leaving consumers with fewer card options to choose from if they had less-than-good credit. Balance transfer cards all but disappeared, with some […]

Experts say the antitrust suits against Facebook may not change anything, but they’re still a ‘big deal’ and signal that the US government will no longer look the other way

Laveta Brigham

Facebook CEO Mark Zuckerberg in Washington DC on Oct. 23, 2019. Andrew Harnik/AP Facebook was slammed with two antitrust lawsuits this week — one from the FTC and one from a group of 48 attorneys general — that take aim at the company’s practices of stifling market competition. They also […]

TD Sees Big Role for AI in Fraud Detection, Lending Decisions

Laveta Brigham

Photographer: Darryl Dyck/Bloomberg Photographer: Darryl Dyck/Bloomberg The biggest contributions artificial intelligence can make to financial institutions are ones customers may never see, said Toronto-Dominion Bank’s Tomi Poutanen. While the bank released details of new AI-driven features in its mobile-banking application Thursday — such as digital nudges when a checking-account balance […]