Credit Cards
Parents are going into deeper credit card debt to cover back-to-school expenses
With summer wrapping up shortly, parents are outfitting their children for the new school year. But American households are struggling to afford back-to-school items such…
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Americans living paycheck to paycheck own 60% of credit card debt: survey
Americans living paycheck to paycheck own most of the U.S. credit card debt, a recent survey said. As of November…
Most Americans will limit holiday spending to $1000: survey
The amount of money Americans plan to allocate for the holidays this year is on track to surpass pre-pandemic levels…
Delinquencies are rising for credit card, auto loans – and it could soon get worse
A growing number of Americans are falling behind on their monthly credit card and car loan payments, a trend that…
Credit card spending by Americans is ‘losing steam’
Americans have continued to open up their wallets and spend over the past two years, even in the face of…
Americans earning 37% more but still struggling with debt: survey
Americans are earning more, but rising costs and high interest rates have outweighed the benefits of higher pay, according to…
Apple Pulls Plug on Goldman Credit-Card Partnership
Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the…
Credit card balances grow $48 billion in the third quarter: NY Fed
Americans now owe $1.08 trillion on their credit cards after racking up a collective $48 billion in new spending during…
TransUnion to cut 1,300 jobs as part of multiyear plan to reduce costs, drive growth
TransUnion said it will cut its workforce by 10%, or roughly 1,300 jobs, as part of a plan to reduce…
Goldman moves to unload GM credit card
Goldman Sachs plans to begin a process to unload its credit-card program in another step away from its failed foray…
Visa launches consulting practice to advise clients on implementing AI
Credit card and payments giant Visa on Wednesday announced the launch of a new consulting division to provide clients with…
Credit card debt hits a new record while delinquencies also rise
Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting a new record high at…
Credit card debt set to hit a fresh record
Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost…
AmEx’s third-quarter profit beats estimates on buoyant spending
Credit card giant American Express on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy…
Biden called upon by pro-growth groups to withdraw CFPB’s late fees rule
A coalition of groups is calling for the Biden administration to withdraw the new rule put forward by the Consumer…
Credit card delinquency rates and balances are on the rise
As Americans grapple with high inflation and record debt, many have fallen behind on credit card payments. In fact, 5.08%…
Limiting credit card rates means credit won’t be everywhere you want to be
Free-market principles made America the economic powerhouse of the globe and the most prosperous nation in history. The economic philosophy…
Americans say credit cards add to the challenge of managing finances: survey
Americans are dealing with record levels of credit card debt and it could be why nearly three in four Americans…
Visa launches $100M fund for startups in generative AI
Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list…