Consumers discouraged by high interest rates and deteriorating financial health: study
Many financially strained consumers are unhappy with their lenders as interest rates continue to rise.
Financial dangers of store credit cards can be ‘severe,’ expert warns
Financial planner and "What Should I Do With My Money?" author Bryan Kuderna breaks down the hidden dangers with store credit cards as more Americans take on debt.
Walmart, Capital One end exclusive consumer credit card agreement
Capital One and Walmart announced the end of their exclusive consumer credit card partnership that began in 2019, though cardholders can continue to use their cards and earn rewards.
Credit card usage is up as inflation continues to rise
Most Americans are dealing with high levels of credit card debt, but Gen Z is particularly prone to high credit card debt.
Bond King Jeffrey Gundlach warns over US economy as Americans' debt piles up: 'Concerning'
DoubleLine Capital CEO and founder Jeffrey Gundlach weighs in on the state of the U.S. economy and whether the country will go into a recession this year.
Visa changes coming this year will mean fewer cards for Americans
Visa says it has "reinvented" the card, and Americans will soon be able to make payments from multiple credit and debit account options using a single card.
Credit card debt is surging as average American owes $6,218
New data published Thursday by TransUnion shows the average debt per borrower hit $6,218 at the end of the first quarter, an 8.5% increase from one year ago.
Texas judge stops Biden Administration rule that caps credit card late fees at $8
The Biden Administration is trying to stop junk fees, but a judge put a stop to a rule capping credit card late fees at $8.
Americans are carrying a record amount of household debt
New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid a surge in mortgage balances.
Credit card debt poised to smash another record high
New York Federal Reserve data released on Tuesday morning is expected to show that American households are carrying a record amount of credit card debt.
US regulators investigate credit card rewards 'bait and switch' schemes
The Consumer Financial Protection Bureau is investigating what it is calling "bait and switch" schemes that are related to credit card rewards programs.
Gen Z lean on credit more than millennials did and racking up more debt
Gen Z adults ages 22-24 are taking out more credit lines and racking up more debt than millennials of the same age did a decade ago, and experts are concerned the problem could get worse.
Small businesses are racking up credit card debt, raising some concerns
High inflation is forcing more small businesses to rely on credit cards to finance their operations, according to new data published by Bank of America.
76% of buy now, pay later users said it helped improve their financial situation but beware of risks: survey
Over a third (34%) of respondents said they liked BNPL because it allowed them to pay for purchases over time without paying interest, and 22% liked the option because it was easier to access than credit cards, according to the Achieve survey.
Many personal loan borrowers rely on loans for everyday expenses as cost of living grows
14.5% of borrowers use personal loans for everyday expenses as everyday costs grow.
Credit card delinquency rates hit worst level since 2012 in new Fed data
A growing number of Americans are struggling to make their credit card payments every month as they continue to battle high inflation and interest rates.
1 in 3 Americans maxing out credit cards because of inflation: survey
The majority of Americans who have maxed out their credit cards said they did it because of price increases from inflation, a recent survey from Debt.com said.
Chase allowing advertisers to target customers based on purchases
Chase has launched a new platform, Chase Media Solutions, that allows marketers to target the bank's 80 million customers with ads based on their purchase histories.
Americans are draining their retirement accounts, racking up debt due to high inflation
The inflation crisis is forcing a growling number of Americans to rack up credit card debt and tap their retirement savings, according to a new study.
Six moves you’re making that can ruin your credit score
Even people with favorable credit scores and those who practice sound money habits can sometimes make foolish choices when it comes to their credit scores.