Higher wages and social security checks led to increase in consumer spending: BofA
Credit and debit card use on BofA brand cards rose 5.1% year-over-year annually compared to 2.2% the month before, the bank said.
Buy now, pay later users more likely to experience financial distress: CFPB
Buy now, pay later users are more likely to rely on other credit products and high-interest rate financial instruments than non-users of BNPL, a recent Consumer Financial Protection Bureau (CFPB) report said.
DoorDash, Chase launch credit card even as economy slows
DoorDash and Chase have launched their first joint credit card, with MasterCard as the exclusive payments network. The card offers cash back both on and off the DoorDash platform.
Visa, Mastercard pause crypto push in wake of industry meltdown
Visa, Mastercard and American Express are pulling back from partnerships with crypto platforms after FTX and BlockFi going bankrupt rocked the blockchain industry.
Credit card delinquency rates for new users were higher than for those with established credit
Credit card delinquency rates have been trending higher for new credit users, according to a TransUnion report. High inflation and a volatile interest rate environment may cause delinquency rates to increase in the U.S. in 2023. Here’s how to pay down high-interest debt quickly.
Credit card debt soars to new record as high inflation squeezes Americans
U.S. households are racking up credit card debt as they confront relentlessly high prices for everyday necessities, the New York Federal Reserve reported Thursday.
Consumer credit increased by nearly $30 billion, experts expect record delinquencies in 2023
Consumer credit increased amid high inflation in 2022. Here’s how to pay down debt quickly.
Valentine’s Day and finances: Here’s how couples approach discussing money
Thirty-one percent of respondents said that they mentioned personal finances on the first date or within the first few dates, according to consumer financial app Cleo's dating and money survey.
Credit card debt increased to record $931 billion: Here's how to pay debt quickly
Americans' credit card debt increased to more than $931 billion in the last quarter of 2022 amid high inflation and rising interest rates. Here’s how to cut down debt and lower your monthly expenses today.
Consumer Financial Protection Bureau proposes limiting credit card late fees with latest action
How credit card companies can charge fees on late payments is about to change under a law proposed by the Consumer Financial Protection Bureau (CFPB) would enforce.
27% of consumers in relationships expect Valentine's Day spending may cause them to rack up credit card debt
Some consumers spending money for Valentine’s Day anticipate doing so for their other half might rack up credit card debt for them, according to a LendingTree survey.
Biden admin. aims to slash credit card late fees to $8
President Biden's administration will be proposing a series of policy rules intended to lower late credit card payment fees to approximately $8.
GDP increased in the 4th quarter, easing recession fears
GDP increased in the fourth quarter of 2022, according to the latest estimate by the BEA. Despite overall positive economic indicators, Americans are still struggling with inflation and are turning to credit to cover higher expenses.
How to increase your credit score fast
Need to boost your credit score? Keep reading to learn about how to build your credit score fast.
Law enforcement seeing rise in card skimmer thefts
Investigators are seeing a rise in more card skimmer thefts. These are devices that can steal your banking information from a credit or debit card. Thieves plant them at businesses.
Banks plan payment wallet to compete with PayPal, Apple Pay
One goal of the new service is to compete with third-party wallet operators such as PayPal Holdings Inc. and Apple Inc.’s Apple Pay, according to people familiar with the matter.
Credit card debt prevents nearly 20% of Americans from becoming homeowners
Amidst high inflation and home prices, mounting credit card debt is preventing many Americans from becoming homeowners.
9 of the best debt consolidation companies
Lower your total cost or monthly payment with better terms and rates. Learn more here.
Decade-high credit card, personal loan delinquency rates coming in 2023: TransUnion
TransUnion forecasted serious credit card and personal loan delinquencies will rise in 2023. Here's how you can pay down debt.
Study claims wealthy blue state is America's most affordable, beating states thousands are moving to
WalletHub released their 2023 analysis: "2023's Best & Worst States to Raise a Family" and determined that affluent blue states were the most affordable for families



















