Credit Cards
Americans' credit card and household debt reach all-time high
Americans' household debt levels, including credit card debt, rose to new all-time highs in the fourth quarter of 2024, according to a report by the…
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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…
Consumers grow unhappy with credit card perks as they spend at record levels: report
Consumer satisfaction with credit card perks is suffering as debt balances balloon to new highs, according to a recent report.…
Household income drops amid high inflation
Americans’ income plunged as the nation grappled with record-high inflation, according to new data from the U.S. Census Bureau. Real…
Paying credit card debt down is getting harder
Most Americans are well aware of their mortgage rate — especially after the Federal Reserve kept rates unchanged this week,…
Retail trade group urges passage of bill that would reduce credit card ‘swipe fees,’ here’s why
The National Retail Federation (NRF), the nation's largest retail trade group, is urging Congress to pass the bipartisan Credit Card…
States with the highest credit card debt
Californians are racking up the most credit card debt, according to recent data from personal finance website WalletHub. Currently, consumers…
Taco Bell employee in hot water after customer makes disturbing find on bank statement: police
An Ohio Taco Bell employee was arrested this month after allegedly scamming customers with fraudulent credit card transactions, reports said.…
Josh Hawley wants to cap credit card interest rates and introduced legislation to do it
Senator Josh Hawley, R-Mo., introduced new legislation this week to implement a federal cap on credit card interest rates as…