Why credit card rates remain high, even after interest rate cuts
1 day ago · The average credit card interest rate stands at 20.35%, just slightly below a record-high of 20.79% attained in August before the Fed began cutting rates, Bankrate data showed. …
This Week In Credit Card News: Credit Card Debt Surges To A
1 day ago · Americans' credit card debt continues to climb, hitting a fresh record at the end of September, according to a new report from the New York Federal Reserve. Total credit card …
Americans' $1 trillion credit-card debt problem is ... - Morningstar
1 day ago · Credit-card balances climbed to $1.17 trillion after a third-quarter increase of $24 billion. But the share of debt lapsing into 30-day delinquency declined for the first time in …
Credit card debt and delinquencies are on the rise, reports find
Aug 8, 2024 · Americans now owe a record $1.14 trillion on their credit cards, the Federal Reserve Bank of New York reported Tuesday. The average balance per consumer stands at …
This Week In Credit Card News: Big Changes Could Be Coming To ... - Forbes
May 16, 2024 · Visa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be …
Credit Card News Articles - Bankrate
Oct 29, 2024 · See the latest stories from the credit card industry here. The editors at Bankrate are dedicated to delivering timely, accurate, and reliable news to credit card consumers.
The U.S sharply cuts how much credit cards can charge in late fees - NPR
Mar 5, 2024 · The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. …
Judge blocks Biden administration rule capping credit card late …
May 11, 2024 · A federal judge in Fort Worth, Texas, on Friday blocked a new Biden administration rule that would prohibit credit card companies from charging customers late …
This Week In Credit Card News: How AI Could Make Your Card ... - Forbes
May 23, 2024 · More than half of U.S. households held credit card debt in 2022, according to the most recent review of consumer finances by the Federal Reserve of St. Louis. Lower-income …
Credit cards are charging more 'excess' interest than ever, CFPB says
Feb 22, 2024 · Credit card companies are hiking rates to record highs to pad their profits, according to a new Consumer Financial Protection Bureau report.