Stories Tagged as
Credit Cards
Gen Z is taking on more credit card debt
May 9, 2024
The credit bureau TransUnion is out with a report showing that borrowers aged 22 to 24 are carrying an average of $2,834 in credit card debt — about a quarter more than millennials in the same age range a decade ago.
A cap on credit card fees would hurt department stores most
Apr 29, 2024
Charge cards have become an important piece of the bottom line for department stores, including Nordstrom, Macy’s and Kohl’s.
The fees war between retailers and credit card companies is heating up
Feb 26, 2024
Merchants paid $126 billion in credit card fees in 2022, up 20% from the year before. The pushback is playing out in lobbying campaigns and Congress.
Buying Discover would make Capital One bigger — and give it a payments network
Feb 20, 2024
There are only four such networks for credit cards, and building a new one can take decades.
Larger credit card issuers charge higher rates than smaller ones
Feb 16, 2024
Consumers often choose a familiar name, despite the costs. The CFPB's findings come as credit card debt in the U.S. is rising.
Latest figures show rising consumer debt
Jan 9, 2024
Debt levels are rising and interest rates remain high. Delinquencies are also on the rise.
The long-expected consumer pullback may finally be materializing
Nov 29, 2023
We spent more over the holiday, but we bought less — thanks to inflation.
For public good, not for profit.
Loan applications are down, rejections are up. This could be good for taming inflation.
Nov 20, 2023
The application rate for any kind of credit dropped to just over 41% this year from nearly 45% in 2022, according to a Fed survey.
Americans have almost $990 billion in credit card debt
Jun 9, 2023
But with interest rates high and wage growth slowing, that level of spending is becoming unsustainable.
How a college credit card signup led to $20,000 in debt
by
Yanely Espinal
and Sean McHenry
Apr 24, 2023
Yanely Espinal, host of Marketplace's podcast "Financially Inclined," tells the story of taking on a financial responsibility she wasn't prepared for.