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 debt and delinquencies are on the rise, reports find
WEBAug 8, 2024 · Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year...
This Week In Credit Card News: A Setback For Buy Now, Pay Later …
WEBJul 11, 2024 · Now overdue credit card debt is climbing to its highest level in more than a decade. Those under 35 years old are struggling the most with interest rates topping 22%.
This Week In Credit Card News: Big Changes Could Be Coming To ... - Forbes
WEBMay 16, 2024 · Visa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer physical cards...
Credit Card News Articles - Bankrate
WEBAug 27, 2024 · The editors at Bankrate are dedicated to delivering timely, accurate, and reliable news to credit card consumers. See the latest stories from the credit card industry here.
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.
Visa and Mastercard agree to $30 billion settlement that will lower ...
WEBMar 26, 2024 · Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by...
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...
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
WEBcredit card news. New Hilton credit card offers: Earn up to 175,000 bonus Hilton Honors points. News | CREDIT CARDS. 4h ago. How the Delta SkyMiles Reserve American Express Card elevated my trip to Paris. News | CREDIT CARDS.