Auto loan delinquencies spiked last year in troubling sign for economy
The number of auto loan borrowers who are falling behind on their bills jumped during the fourth quarter as high borrowing costs squeeze millions of Americans.
Bilt Rewards stops renters from ‘lighting your money on fire,’ founder and CEO Ankur Jain says
Bilt Rewards allows Americans to be rewarded for paying their rent, which is most people’s biggest monthly expense, founder and CEO Ankur Jain told Fox News Digital.
Credit card debt poised to a hit a new 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.
Delta, American Express up card fees and add more perks
Cardholders of American Express and Delta’s six co-branded credit cards will receive new benefits and increased annual fees in changes the companies revealed Thursday.
Many consumers carrying a credit balance know it's a bad idea: survey
Americans know better than to carry a balance, but many struggle with growing credit card debt, a recent survey said.
Inflation broke Americans' holiday budget – here's how long it will take to pay off debt
Unanticipated holiday spending has pushed some consumers to increasingly rely on personal loans or ask lenders for higher credit card limits, a recent analysis said.
Bilt Rewards announces $200M equity investment, raising valuation to $3.1 billion
Bilt Rewards on Wednesday announced a $200 million equity investment, which thrusts the company's valuation to $3.1 billion as Ken Chenault and Roger Goodell were added to its board.
Read this before you sign up for a college credit card
Signing up for financial products your college is offering can sometimes be the worst deal, a recent CFPB report said.
Credit card delinquencies surge as Americans battle high inflation, interest rates
New data published by the Federal Reserve Bank of Philadelphia shows that the number of Americans falling behind on their credit card payments is rising.
More Americans are racking up credit card debt
A growing number of Americans are relying on credit card debt to make ends meet as they continue to grapple with the rising price of everyday necessities.
Consumers feel more confident about finances and ready to spend money: survey
The WalletHub Economic Index increased by 15% between December 2022 and December 2023, demonstrating that consumers have an improved financial outlook as they enter the New Year.
Americans living paycheck to paycheck own 60% of credit card debt: survey
As of November 2023, 62% of consumers relied on their next paycheck to cover their monthly financial outflows, a recent survey said.
Delinquencies are rising for credit card, auto loans – and it could soon get worse
A new Moody's Analytics report suggests that credit card and auto loan delinquency rates are climbing as more Americans struggle to make their payments.
Most Americans will limit holiday spending to $1000: survey
Most Americans (80%) plan to spend up to $1,000, according to a recent Bank of America survey.
Credit card spending by Americans is 'losing steam'
New Wells Fargo data indicates that credit and debt card volume is "losing steam" as consumers confront still-high inflation and steep borrowing costs.
Americans earning 37% more but still struggling with debt: survey
The average monthly enrollment in debt resolution surged 119% in 2023 compared to 2020 despite the average earning rising roughly 37% this year, according to a recent study by Achieve.
Apple Pulls Plug on Goldman Credit-Card Partnership
Apple is ending its credit-card partnership with Goldman Sachs, marking the final blow to the Wall Street bank’s bid to expand into consumer lending.
Student loan payments render the holidays unaffordable for many: survey
Student loan repayments will make the season unaffordable for many Gen Z and millennials this year, according to a recent Credit Karma survey.
TransUnion to cut 1,300 jobs as part of multiyear plan to reduce costs, drive growth
The company expects to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expenditure reduction in 2026 relative to 2023 levels.
Push to cap loan interest fees at 36% may leave subprime borrowers without credit, trade groups warn
New legislation seeks to cap interest rates on all consumer loans, but banking groups warn it could do more harm than good.