This Week In Credit Card News: Big Changes Could Be Coming To ... - Forbes
WEBMay 16, 2024 — Credit card balances, and attendant delinquencies, have been rising steadily since late 2021, a sharp reversal from the historic lows recorded at the pandemic’s peak. Delinquencies have risen...
This Week In Credit Card News: Hurricane Aftermath Causes
WEBThe average credit card processing fee, which will be taken out of a merchant’s sales revenue, is in the range of about 1.5% to 3.5%. Merchants can negotiate their card …
Credit Card News Articles - Bankrate
WEBAug 28, 2024 — The editors at Bankrate are dedicated to delivering timely, accurate, and reliable news to credit card consumers. See the latest stories from the credit card industry here.
Americans continue to rack up credit card debt, hitting a ... - CBS News
WEBBiden administration introduces new rule to cap credit card late fees 02:39. U.S. consumers collectively owe a record $1.14 trillion in credit card debt, figures released …
The U.S sharply cuts how much credit cards can charge in late …
WEBThe 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. …
Credit cards are charging more 'excess' interest than ever, CFPB says
WEBThe average credit card APR has swelled from 22.8% in 2023 to about 12.9% in late 2013, according to the bureau. Those rates are at their highest level since the Federal Reserve …
More Americans are falling behind on credit card bills : NPR
WEBCredit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high …
Credit card losses are rising at the fastest pace since the Great ...
WEBGoldman Sachs predicts credit card losses will continue to climb through the end of 2024 or early 2025 for most issuers.
Why now is a crucial time to pay off credit card debt | AP News
WEBThe New York Fed’s report found that 6.4% of credit card debt was delinquent by 90 days or more, up from 4% in the last quarter of 2022. “Credit card and auto loan transitions …
This Week In Credit Card News: Rising Rates And Fees On Cards; …
WEBMillions of Americans use credit cards to pay for purchases, with an average cardholder owing nearly $5,800 as of the first quarter of 2022 and nearly $900 billion in total credit …