Consumer credit rose to $2.778 trillion, according to the Federal Reserve, an increase of $14.6 billion in only one month. The borrowing amounts were in excess of the $13 billion expected by...
Continue readingWhile the race for lower and lower introductory interest rates from American credit card companies races on, rates past the promotional period are stagnant, up only modestly for the first time...
Continue readingIn what may have been the biggest story in credit in 2013, it was revealed that credit scoring company Equifax had sold data on millions of individuals to other companies. Equifax, through a...
Continue readingThis week retailers were granted one of the biggest wins in credit card history: the ability to add a surcharge to customers' purchases when the payer used a credit card to make a payment. In a...
Continue readingBanks are reinvigorating the market for the travel card, boosting rewards in an effort to grab new customers eager to see the world on their credit card company's dime. The new promotions will...
Continue readingA new study shows the effects of the CARD Act and better informed consumers in falling penalty revenues. The study shows that consumers paid only $17.8 billion in penalty fees in 2012, down from...
Continue readingCredit card debt is often correlated with age. Many believe that younger consumers are more likely to carry credit card debt as their incomes are lower and their savings have yet to have been built....
Continue readingBelieve it or not, the endless supply of credit card customers are drying up. Credit card companies are now turning to new ways to generate an income from their customers, with companies like...
Continue readingThe Consumer Financial Protection Bureau has made quick work of changing the regulatory landscape in consumer finance, announcing record settlements with credit card companies, reforming student...
Continue readingJustin Bieber will promote a new credit card, breathing new life into celebrity-endorsed credit and debit cards. The teen singing sensation will work with a company known as BillMyParents to...
Continue readingAn image of a new credit card from technology company Apple made the rounds last week on the internet, creating a new sensation and triggering hundreds of articles and buzz about Apple's possible...
Continue readingBanking giant JP Morgan Chase could be the newest player in daily deals, an industry that blossomed as shoppers wanted deep discounts from companies like Groupon, LivingSocial and other online coupon...
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