Credit cards
Credit cards
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Credit cards with rewards are rewarding only for those who know how to profit from the system, according to a paper released by the Federal Reserve.
January 23 -
Most borrowers cannot understand the information that TILA requires lenders to provide, raising questions about their utility in consumer protection.
January 20 -
More U.S. consumers are relying on their credit cards each month — and many are doing so without knowing the interest rates they're paying.
January 10 -
Credit card interest rates are expected to reach a four-decade high this year, a positive for lenders poised to benefit from the increased income while painful for consumers facing escalated borrowing costs.
January 5 -
Credit cards offered by banks including Wells Fargo and Synchrony Financial intended to cover expensive health care services may be causing unnecessary financial pain for consumers, said a group of U.S. senators, who cited potentially deceptive promotions.
January 4 -
The measure would reduce access to credit among junior service members, opening the door to payday lenders.
December 21 -
The credit reporting firm said credit card and personal-loan delinquencies are likely to rise in 2023 to the highest in a dozen years, with lenders cutting back on originations as a potential recession looms.
December 14 -
U.S. consumers are more likely to apply for a credit card, and less likely to get rejected, than they were last year, according to a New York Fed survey. The card industry is growing even as the mortgage and auto lending sectors show signs of retrenchment.
November 21 -
Younger borrowers and those with lower incomes added the most to their card balances in the third quarter, according to a New York Fed report. Delinquency levels are also on the rise, a sign that more consumers are struggling to pay off higher debt loads.
November 15 -
Small-business owners need all the savings they can get, but the proposed legislation will ultimately cost consumers and entrepreneurs.
November 9 -
U.S. credit card balances surged to a record in the third quarter as banks bet that consumers with less-than-stellar credit will be able to handle more debt.
November 8 -
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The Federal Reserve's latest rate hike will cost Americans with outstanding credit card debt more than $5 billion in additional interest over the next 12 months, according to an estimate from the personal-finance site WalletHub.
November 4 -
Canadian merchants are now allowed to add a fee for Mastercard and Visa credit card transactions. But early indications suggest few will do so, fearing consumer backlash.
November 3 -
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The credit card issuer is still dealing with the effects of a technical glitch in July that affected customer payment rates. But card sales rose in the most recent quarter, and the company is bullish about its positioning in the buy now/pay later market.
October 27 -
Nickels, which works with the credit union service organization Reseda Group, is using its $4 million seed funding to give financial institutions more visibility into consumers' debts.
October 24 -
U.S. Bank's new M&A closing date, and new rewards card, and more in banking news this week.
October 21 -
A Bloomberg News analysis found more than 45 groups and pages — with more than 1 million combined members — where the spoils of cyber crimes and the tools needed to carry them out were offered for sale.
October 21 -
While Citigroup's Wall Street operations wrestle with tough markets, the bank is getting a boost from the little guy: consumers leaning on credit cards during the worst inflation in a generation.
October 14




















