Americans’ $1 trillion credit-card debt problem is inching in the …
1 day 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 ...
Credit card debt hits record $1.17 trillion, New York Fed research ...
1 day ago · Collectively, Americans now owe a record $1.17 trillion on their credit cards, according to a new report on household debt from the Federal Reserve Bank of New York. Credit card balances rose by ...
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...
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 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.
Judge blocks Biden administration rule capping credit card late …
May 11, 2024 · A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late fees higher than $8.
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,...
This Week In Credit Card News: How AI Could Make Your Card ... - Forbes
May 23, 2024 · Survey Shows Lower-Income Households Have Highest Credit Card Debt Ratios. More than half of U.S. households held credit card debt in 2022, according to the most recent review of consumer...
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.