Browsing: Credit Cards
As Americans grapple with high inflation and record debt, many have fallen behind on credit card payments. In fact, 5.08% of credit card balances fell into serious delinquency or were…
Credit card giant American Express on Friday reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns about an economic downturn. AmEx,…
Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost of everyday necessities more expensive. The New York Federal Reserve…
Americans are increasingly turning to their credit cards to cover everyday expenses, with debt hitting a new record high at the end of September, according to a New York Federal…
Credit card and payments giant Visa on Wednesday announced the launch of a new consulting division to provide clients with insights and recommendations for unlocking the potential of artificial intelligence…
Goldman Sachs plans to begin a process to unload its credit-card program in another step away from its failed foray into consumer lending. The bank on Tuesday informed a group…
As Americans grapple with record-high debt and stubborn inflation, many also struggle with credit card debt. In fact, more than half (61%) of Americans have credit card debt today and…
Americans now owe $1.08 trillion on their credit cards after racking up a collective $48 billion in new spending during the third quarter of 2023, according to a recent report on…
Seven banking sector trade groups warned in a joint letter to lawmakers that efforts to set a nationwide 36% interest rate cap on consumer loans may do more harm than…
TransUnion said it will cut its workforce by 10%, or roughly 1,300 jobs, as part of a plan to reduce costs and fund growth, the consumer credit reporting agency announced…