Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scams
Credit card companies may be illegally devaluing rewards points or airline miles that customers have accrued, the Consumer Financial Protection Bureau warned.
McLaren's Zak Brown, Mastercard's Raja Rajamannar tout partnership ahead of Las Vegas Grand Prix
McLaren Racing CEO Zak Brown and Mastercard chief marketing and communications officer Raja Rajamannar touted their partnership on Thursday.
Get approved for apartment as first-time renter with these tips
If you are renting for the first time, you may be worried about your approval into your dream apartment based on your prior rental status. Luckily, there are plenty of ways to prepare.
Apple and Goldman Sachs ordered to pay $89M over Apple Card failures
Apple and Goldman Sachs are being ordered by the Consumer Financial Protection Bureau to pay a combined $89 million in fines stemming from customer service issues with the Apple Card and regulatory violations.
Credit card companies now charging extra fees for paper statements
Credit card companies from big name retailers have been silently rolling out a fee of $1.99 if you wish to keep receiving paper statements.
Parents are going into deeper credit card debt to cover back-to-school expenses
American households are struggling to afford back-to-school items such as backpacks, clothing and books. It's why millions of parents are carrying debt to make sure kids have what they need.
Credit card delinquency rates hit worst level since 2012 in new Fed study
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.
Some vacationers expect to use credit card for more than $5,000 of summer travel
Some Americans plan to pay for vacations this summer with credit cards for points, while others are doing it because they can't afford to travel otherwise, a recent Debt.com survey said.
Credit card delinquencies are surging — and rising fastest in this California city
A new report published by WalletHub shows that credit card delinquencies are rising the fastest in Chula Vista, California, which is a suburb of San Diego.
4 ways Americans use credit cards to purchase and plan for the future
Explore the reasons why 82% of US adults use credit cards and how they navigate the potential rewards and risks to their financial health.
American Express takes further control of restaurant reservations
American Express recently acquired yet another restaurant booking platform. The company, which already owns Resy, offers its cardmembers exclusive reservations benefits.
Visa, Mastercard can likely handle swipe-fee settlement bigger than $30 billion: judge
A judge who rejected a proposed $30 billion settlement between card issuers Visa and Mastercard and merchants said the issuers could likely handle a "substantially greater" settlement.
Judge rejects multibillion Visa, Mastercard settlement in swipe fee case
A federal judge on Tuesday rejected a proposed $30 billion settlement between card issuers Visa and Mastercard and merchants over swipe fees assessed on customers' transactions.
Most travelers trying to keep frugality in mind when planning summer travel: Experian
Gen Zers may be willing to spend on travel to live events, but most consumers remain frugal when planning their summer trips.
Buy now, pay later products to be treated like credit cards, CFPB says
BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.
Consumers want credit products despite high interest rates: TransUnion
A recent TransUnion report said consumers had more than 543 million bank cards in their wallets in the first quarter of 2024, an increase of 20 million year over year and more than 88 million from just three years ago.
eBay ditching American Express as a payment option this summer
eBay customers will no longer be able to use American Express credit cards to pay for purchases on the popular online marketplace come mid-August, eBay said.
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.