Taco Bell employee in hot water after customer makes disturbing find on bank statement: police
Police in Oregon, Ohio, arrested Taco Bell employee Trevell Mosby on allegations that he made fraudulent transactions on fast-food customers' credit cards.
States with the highest credit card debt
Californians and Texans hold the most credit card debt, according to WalletHub. U.S. consumers nationwide hold more than $1 trillion in credit card debt.
Consumers are turning to personal loans to pay off credit card debt: TransUnion
Personal loans have helped many Americans pay down high-interest debt and improve their credit scores amid high inflation and economic uncertainty, according to a report by TransUnion.
Josh Hawley wants to cap credit card interest rates and introduced legislation to do it
Missouri GOP Senator Josh Hawley introduced a bill that would cap credit card interest rates at 18%, which critics say could impact those with imperfect credit or consumers' rewards.
Consumer credit increased by nearly $5 trillion
Consumer credit balances including credit cards reached trillions of dollars in Q2 2023 as Americans turn to credit cards to deal with high inflation and meet other needs. But there are many ways to pay off debt quickly.
Average monthly mortgage payment at near all-time high
High mortgage rates have brought average monthly mortgage payments to near-record highs as Americans deal with economic uncertainty. But there are ways to lower your monthly mortgage payments.
Small businesses open to AI and automation but worry about evolving tech, Visa research finds
New research from Visa finds that small businesses are overwhelmingly open to the use of AI tools and automation to be more competitive, but are worried about keeping up with tech.
Gen Zers credit card balances grow the fastest: TransUnion
Overall card balance surged to a record high of $963 billion in the second quarter — Gen Zers debt represented the most significant share of this growth, according to TransUnion.
Intuit Credit Karma launches AI-powered financial assistant for consumers
Intuit Credit Karma launched a new AI-powered tool called Intuit Assist that will help provide users with personalized financial advice on cash flow, budgeting, credit scores and more.
All income brackets now living paycheck to paycheck: Study
Paycheck-to-paycheck living isn't anything new, but the troubling trend is now impacting more Americans than ever as rising borrowing costs and inflation take a toll.
GDP growth for Q2 dips on second estimate
Gross domestic product (GDP) increased in Q2 2023 and signs of a strong economy could push the Fed to raise interest rates again. This could have a major impact on consumer debt.
Fed governor warns more interest rate hikes may be coming
Fed Governor Michelle Bowman said additional interest rates may be needed to lower inflation to a preferred target range. But inflation has slowed in recent months, even as Americans dealt with record-high credit card debt.
Credit card mistakes even high-credit score mavens make
Using credit cards for everyday spending, travel and to even pay monthly bills is a great way to build your credit score but there are some dos and don'ts even the most seasoned spenders need to know.
Credit card users with the highest balances live in these states: survey
Subprime accounts made up a growing number of new accounts opened in the third quarter of 2022, according to a recent Scholaroo survey.
Credit card delinquencies are on the upswing
A new report from Wells Fargo indicates that late payments on credit card balances are rising - and may be a harbinger of recession in the U.S. economy.
Many parents turn to credit cards to pay for back-to-school shopping: survey
Almost three-quarters of Americans expect the costs of sending kids back to school this year to be challenging, with most expecting to spend more on supplies, a recent U.S. News & World Report survey said.
Americans depend on credit cards more than ever: survey
Americans are relying on credit cards and many said they can’t pay off their balances, according to a Quicken survey.
Here's why some middle-income Americans are staying optimistic about their money
Half of all consumers surveyed said they feel good about their finances despite inflation and rising prices, according to a recent Primerica survey.
Recession may be off the table as economy moves toward "soft landing": VantageScore
Record credit card debt hasn't dented U.S. consumer credit and signals that a recession may no longer be in the cards for the U.S. economy, according to VantageScore.
Credit card debt surpasses $1 trillion for Americans: NY Fed
Credit card debt increased to a record high in the second quarter as total household debt reached $17.06 trillion. And the Fed’s interest rate hikes to lower inflation could impact what consumers pay for credit. But there are multiple ways to pay off high-interest debt.