Accelerated holiday sales kept some big spenders from making payments on their credit cards in the last three months of 2012, in line with seasonality. The 90-day delinquencies were reported by...
Continue readingSpringfield, IL will soon do what many of its residents do to save money: start using a cash back credit card. The budget director, Bill McCarty, announced that the city wants to expand the ways in...
Continue readingA new study may explain the love affair with plastic payment methods: shopping presents a therapeutic outlet to relieve stress and worry. A series of studies from the University of Michigan followed...
Continue readingA new study into the effects of credit card reports finds that as many as 5% of all consumers could be paying more interest due to inaccuracies on their credit reports. The Federal Trade Commission...
Continue readingThe Consumer Financial Protection Bureau is taking a new look into financial products marketed toward students, starting with credit cards. The newly created bureaucracy has been relentless in...
Continue readingConsumer 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....
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