Consumer credit increased by nearly $5 trillion
Total consumer credit increased at an annual rate of 2.5% in July to reach about $4.98 trillion, according to the...
Credit Cards
Josh Hawley wants to cap credit card interest rates and introduced legislation to do it
Senator Josh Hawley, R-Mo., introduced new legislation this week to implement a federal cap on credit card interest rates as...
States with the highest credit card debt
Californians are racking up the most credit card debt, according to recent data from personal finance website WalletHub. Currently, consumers...
Taco Bell employee in hot water after customer makes disturbing find on bank statement: police
An Ohio Taco Bell employee was arrested this month after allegedly scamming customers with fraudulent credit card transactions, reports said....
Retail trade group urges passage of bill that would reduce credit card ‘swipe fees’: Here’s why
The National Retail Federation (NRF), the nation's largest retail trade group, is urging Congress to pass the bipartisan Credit Card...
Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve announced a pause on interest rate hikes during its September meeting on Wednesday. That means the federal...
Paying credit card debt down is getting harder
Most Americans are well aware of their mortgage rate — especially after the Federal Reserve kept rates unchanged this week,...
Household income drops amid high inflation
Americans’ income plunged as the nation grappled with record-high inflation, according to new data from the U.S. Census Bureau. Real...
Visa launches $100M fund for startups in generative AI
Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list...
Consumers grow unhappy with credit card perks as they spend at record levels: report
Consumer satisfaction with credit card perks is suffering as debt balances balloon to new highs, according to a recent report....
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