Credit card

Three big banks reported on Tuesday that credit card spending is up. According to Bank of America, its customers charged more on travel and entertainment, along with necessities like gas.

On Wednesday, the president called on Congress to pass legislation capping credit card rates at 10% for a year.

But it’s not clear whether the increase is driven by hope or anxiety.

As part of the proposed settlement, the credit card companies will temporarily lower the swipe fees for merchants. But not everyone sees this as a satisfying end to a legal battle that stretched on for 20 years.

As credit card companies ratchet up the prices on premium cards, they’re also ratcheting up the perks as they compete for the wealthiest consumers.

Though many households are faltering on credit card and auto loan payments, wealthier Americans are keeping the spending metrics robust.

December sales figures showed spending was strong, but more consumers are using credit cards and buy now, pay later programs to finance purchases.

China has simplified some of its mobile payment app set ups to make it easier for visitors, but how easy are they to use?

A new report suggests that could dampen holiday spirits.

Delinquencies are up, especially for people with lower incomes and multiple types of debt, according to the New York Fed.