USPS workers arrested in $1.3M credit card fraud, identity theft scheme
The Justice Department said several Postal Service employees had been arrested in connection with the theft and unauthorized use of credit cards and identities.
Many college students with credit cards have debt, survey says
A recent U.S. News & World Report survey said 46% of college students with credit cards have debt.
Credit unions' unsecured personal loan balances increase: report
Unsecured personal loans saw the biggest balance increase among loans borrowed from credit unions, a recent report by CUNA Mutual Group showed.
3 more plaintiffs join class action against American Express alleging discrimination toward White employees
Three new class representative plaintiffs have joined a class-action lawsuit against American Express alleging that the company racially discriminated against White employees.
CFPB looks to regulate buy now, pay later companies
The Consumer Financial Protection Bureau (CFPB) said it plans to issue guidance or rules that would bring the buy now, pay later (BNPL) sector in line with the standards that Congress has already established for credit cards.
Rewards credit cards can be 'inflation fighters' but only if used correctly, expert warns
Credit card rewards can be a great way to get extra cash in today's economic turmoil as long as they are being paid off on time. If not, your costs may outweigh your rewards.
US consumers swap credit cards for other financing options: J.D. Power
Financial stress and the use of alternative financing options means consumers are relying less on traditional credit cards, a study from J.D. Power said.
Dave Ramsey's best advice for fixing credit card debt: 'People are hurting'
Amid today's latest Federal Reserve rate hike plus high inflation, personal finance expert and author Dave Ramsey shared advice for American consumers about getting their credit card balances down.
Why you should not put charges on your credit card amid today's high inflation
After a pandemic and now record-high inflation, many Americans are piling up credit card debt to cover expenses and pay bills. Yet this is not wise — here's how to break the cycle.
Tennessee, Montana AGs lead effort questioning credit card CEOs about tracking gun purchases
Attorneys general from Tennessee, Montana and 22 other states warned credit card companies a plan to track gun purchases could violate consumer protection laws.
American Express hiring 1,500 tech workers
American Express plans to hire 1,500 workers for various technology jobs by the end of the year, the credit card company said Monday. The company employed over 60,000 in 2021.
Senate Republicans demand credit card companies reverse decision to track gun store sales
A group of Senate Republicans sent a letter to the CEOs of Visa, Mastercard and American Express demanding they reverse the decision to track gun store sales.
House Republicans demand answers as credit card companies pressured to track gun purchases
House Republicans asked credit card CEOs if they are going to support a move to create individual codes identifying gun purchases, making it easier to track individual buyers.
Some consumers using credit card rewards to pay for essentials amid high inflation, study says
A Wells Fargo study said that consumers are increasingly using credit card rewards as a way to offset higher costs.
Average credit card rate highest since 1996
The average credit card rate has reached its highest level in decades, hitting 17.96% on Wednesday, according a recent survey from Bankrate.com.
Illinois music festival attendees shocked by high charges due to payment glitch: 'It added one or two zeros'
Several guests at the Sacred Rose Music Festival in Bridgeview, Illinois, experienced thousands of dollars of incorrect charges after a payment error added zeros to their tips.
New York City officials urge credit card companies to track gun and ammo sales, flag 'suspicious' sales
New York City Mayor Eric Adams and state officials are calling on credit card companies like American Express, MasterCard and Visa to uniquely flag gun-related credit card purchases.
American Express slapped with lawsuit alleging discrimination against White employees
A class action lawsuit filed Tuesday alleges that American Express discriminates against White employees and shows "callous indifference" to civil rights law.
Back-to-school scams: College students beware of potential scheming swindlers
College is back in session, which means college students are preparing to dole out a hefty chunk of change on tuition fees and school supplies. They are targets for scammers.
Seattle CEO who made headlines for pay cut so workers could earn $70K resigns
Dan Price announced on Twitter that he was stepping down as CEO of credit card processing company Gravity Payments so he could fight "false accusations" of assault.