Americans' credit card and household debt reach all-time high Banks & Cards February 19, 2025 Americans’ household debt levels, including credit card debt, rose to new all-time highs in the fourth quarter of 2024, according…
What would be the impact of a credit card interest rate cap? Banks & Cards February 11, 2025 New legislation in Congress that was introduced by an unlikely duo of senators seeks to impose a credit card interest…
Josh Hawley, Bernie Sanders propose capping credit card interest rates at 10% Banks & Cards February 5, 2025 A new bipartisan bill introduced by a pair of senators would cap credit card interest rates in an effort to…
Capital One customers not getting payments amid outage Banks & Cards January 17, 2025 Capital One said they began experiencing a disruption impacting the processing of some deposits, payments and transfers due to a…
How credit card swipe fees are affecting shoppers Banks & Cards January 8, 2025 Credit card swipe fees, which are among the highest operating costs for retailers, are taking a bite out of household…
Walmart, Capital One end exclusive consumer credit card agreement Banks & Cards January 5, 2025 Capital One and Walmart announced Friday that they ended the agreement that made Capital One the exclusive issuer of Walmart’s…
Financial dangers of store credit cards can be ‘severe,’ expert warns Banks & Cards January 4, 2025 Nearly every store has rewards credit cards available for customers, but not all the offers add up to major savings.…
Consumers discouraged by high interest rates and deteriorating financial health: study Banks & Cards January 3, 2025 Consumer satisfaction is taking a dip in the wake of high interest rates, driven up by inflation and the remnants…
eBay ditching American Express as a payment option this summer Banks & Cards January 2, 2025 eBay customers will no longer be able to use American Express credit cards to pay for purchases on the online…
Buy now, pay later products to be treated like credit cards, CFPB says Banks & Cards January 1, 2025 The Consumer Financial Protection Bureau (CFPB) will apply credit card rules to Buy Now, Pay Later (BNPL) products. As a…