Americans’ $1 trillion credit-card debt problem is inching in the …
12 hours ago · Credit-card balances climbed under inflation’s weight — but the share of debt lapsing into 30-day delinquency just declined for the first time in roughly three years Published: Nov. 13, 2024 ...
The U.S sharply cuts how much credit cards can charge in late fees - NPR
Mar 5, 2024 · The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. Critics promised a lawsuit.
Credit card debt hits record $1.17 trillion, New York Fed finds
14 hours ago · Collectively, Americans owe a record $1.17 trillion on their credit cards, according to a new report from the Federal Reserve Bank of New York. Still, credit card delinquency rates improved in the ...
This Week In Credit Card News: Big Changes Could Be Coming To ... - Forbes
May 16, 2024 · Visa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer physical cards...
Credit card debt and delinquencies are on the rise, reports find
Aug 8, 2024 · Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at $6,329, up 4.8% year over year...
Credit Card News Articles - Bankrate
Oct 29, 2024 · See the latest stories from the credit card industry here. The editors at Bankrate are dedicated to delivering timely, accurate, and reliable news to credit card consumers.
Credit cards are charging more 'excess' interest than ever, CFPB says
Feb 22, 2024 · Credit card companies are hiking rates to record highs to pad their profits, according to a new Consumer Financial Protection Bureau report.
This Week In Credit Card News: Consumers Falling Into Record ... - Forbes
Nov 16, 2023 · Some are falling behind. About 28% of card users say they find it difficult to make the minimum payments on their credit cards and 14% say they've missed a payment this year. On average,...
Visa and Mastercard agree to $30 billion settlement that will ... - CNN
Mar 26, 2024 · Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by...
This Week In Credit Card News: Pay Your Bill With A Scan Of ... - Forbes
Dec 7, 2023 · This year, the stakes feel higher than ever. America faces a crushing credit card burden. The nation’s collective card balance stands at a record $1.08 trillion, as of the end of September....