New Wells Fargo data indicates that credit and debt card volume is "losing steam" as consumers confront still-high inflation and steep borrowing costs.
The average monthly enrollment in debt resolution surged 119% in 2023 compared to 2020 despite the average earning rising roughly 37% this year, according to a recent study by Achieve.
Apple is ending its credit-card partnership with Goldman Sachs, marking the final blow to the Wall Street bank’s bid to expand into consumer lending.?
Student loan repayments will make the season unaffordable for many Gen Z and millennials this year, according to a recent Credit Karma survey.
The company expects to deliver $120 to $140 million of annualized operating expense savings and a $70 to $80 million capital expenditure reduction in 2026 relative to 2023 levels.
New legislation seeks to cap interest rates on all consumer loans, but banking groups warn it could do more harm than good.
Credit card balances spiked by $154 billion year over year, notching the most significant increase since 1999, according to the New York Fed.
Americans owe more than $5,000 in credit card debt on average and in times of high inflation and rising interest rates, they are relying on credit cards more than ever before. But there are ways to pay off debt quickly.
The credit-card program is largely marketed toward people who buy and own General Motors cars. Goldman is also the issuer for the Apple credit card, which is much larger.
Visa launched its new AI Advisory Practice as a way to add value for clients by offering insights and recommendations on implementing AI to boost business performance.
A pause in interest rate hikes may offer no relief to people dealing with large amounts of credit card debt amid high inflation. But there are ways to pay off debt quickly.
Credit card debt smashed another record at the end of September as American consumers continued to rely on their cards to pay for everyday necessities.
New York Federal Reserve data released on Tuesday morning is expected to show that American households are carrying a record amount of credit card debt.
American Express reported third-quarter profit that beat expectations, helped by resilient spending from its wealthy customers who shrugged off concerns of an economic downturn.
Credit card delinquency rates and balances increased in Q2 2023 amid a high interest-rate environment. But there are many ways to pay off debt quickly.
A coalition of pro-growth groups are calling on the Biden administration to withdraw its credit card late fees rule, arguing the regulation will hurt responsible consumers.
Limiting credit card rates means credit won’t be everywhere you want to be. Capping rates will mean banks and financial companies will restrict credit cards for less risk.
Most Americans said they felt "in control of their finances," but 79% think they could be doing a better job managing them, according to a recent Affirm survey.
Credit card originations increased and balances have risen. But there are ways to pay off your high interest debt.
Consumers are growing unhappy with credit card perks designed to build loyalty as debt soars to new highs, a recent J.D.Power report stated.