Credit card debt and delinquencies are on the rise, reports find
WEBAug 8, 2024 · Americans owe $1.14 trillion on their credit cards and the average balance is $6,329, according to reports from the New York Fed and TransUnion. More borrowers are falling behind on their...
This Week In Credit Card News: Big Changes Could Be Coming To ... - Forbes
WEBMay 16, 2024 · Credit card balances, and attendant delinquencies, have been rising steadily since late 2021, a sharp reversal from the historic lows recorded at the pandemic’s peak. Delinquencies have risen...
Credit cards are charging more 'excess' interest than ever, CFPB says
WEBFeb 22, 2024 · Credit card companies are hiking rates to record highs to pad their profits, according to a new Consumer Financial Protection Bureau report.
Credit Card News Articles - Bankrate
WEBAug 28, 2024 · Find the latest news and updates on credit cards, interest rates, rewards, offers and more from Bankrate. Learn from industry experts and compare different credit card options.
This Week In Credit Card News: A Setback For Buy Now, Pay Later …
WEB[Investment News] Delinquent Credit Card Payments Rising. With credit card debt rising, a spike in delinquent payments has followed. Not paying on time can mean a hit on your …
The U.S sharply cuts how much credit cards can charge in late fees - NPR
WEBMar 5, 2024 · The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. Critics promised a lawsuit.
More Americans are falling behind on credit card bills : NPR
WEBMay 14, 2024 · Credit card delinquencies have returned to pre-pandemic levels, despite rising wages and a low unemployment rate. Rising rates of delinquency when both the labor market and the economy are...
Judge blocks Biden administration rule capping credit card late …
WEBA federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.
This Week In Credit Card News: Rising Rates And Fees On Cards; …
WEBOct 20, 2022 · Credit card debt is rising at its fastest clip in more than 20 years, according to the Federal Reserve Bank of New York. Overall, Americans owe $887 billion on their credit cards, a 13%...
Travel, Credit Card & Aviation News | The Points Guy
WEBSep 13, 2024. New Avios credit card offers: Earn 85,000 bonus points, worth almost $1,200 in travel. News | CREDIT CARDS. Sep 12, 2024.