A bill that lawmakers say will create more competition in the credit-card business and pressure industry fees “is still unlikely to pass in any form, but it’s still alive,” according Read more
Tag: Credit Cards
With travel prices and currencies up and down this year, what are your points and miles worth?
This article is reprinted by permission from NerdWallet. This has been an unusual year for currencies, period. Rising inflation has sent all sorts of costs skyrocketing (including travel prices). Meanwhile, Read more
Visa stock snaps record losing streak, but economic concerns linger
Shares of Visa Inc. and Mastercard Inc. gained Wednesday, snapping losing streaks that lasted roughly two weeks amid building macroeconomic concerns. Visa’s V, +0.74% stock had fallen for 11 straight Read more
Opinion: You work hard to pay off debt. Here’s the surprising secret that keeps you from backsliding as the economy slows
Credit-card debt has surged 13% this past year — the largest increase in 20 years. If you find yourself with a growing amount of debt, you need to get yourself Read more
Here’s the most underappreciated policy risk to the financial services industry, one analyst says
A possible reduction to credit-card late fees is the most underappreciated policy risk to the financial services industry, according to a new analyst report. Raymond James analysts led by Ed Read more
Will the economy get worse? Consider raising your credit limit before it does.
Relying on a credit limit in a shaky economy is the equivalent of expecting a weak bridge to weather a storm and carry you to survival. It’s not uncommon for Read more
The macro storm is impacting consumers very differently: ‘A little bit of a tale of two cities’
The macroeconomic storm is playing out as a tale of two consumers, if recent earnings reports are any indication. While various consumer-oriented companies have indicated pressures on lower-end buyers that Read more
CFPB is investigating Goldman Sachs’s credit-card practices
Goldman Sachs Group Inc. GS, -0.39% said Thursday that regulators are investigating business practices at its credit card unit. The bank said in a securities filing that the Consumer Financial Protection Bureau is Read more
In hard times, these are the credit card mistakes that can hurt you most
This article is reprinted by permission from NerdWallet. When times are tough, credit card debt may be inevitable if you’re learning to manage credit or are forced to make risky Read more
Americans’ credit-card debt just had the biggest jump in more than 20 years, New York Fed says
In a sign of the continuing toll from decades-high inflation, Americans loaded an extra $46 billion on their credit cards during the second quarter and their balances saw the sharpest Read more