Credit Cards

As the pandemic and its associated economic woes drag on, consumers may want to start paying attention to credit.

American Express Co missed third-quarter profit estimates on Friday, as its customers spent less during the COVID-19 fueled economic slowdown and it set aside money for potential payment defaults.

The FDIC noted that the decline by nearly half in unbanked households between 2017 and 2019 was associated with improvements in household's socioeconomic circumstances, including higher annual income, lower monthly income volatility, low unemployment and higher rates of home ownership status and educational attainment that came as a result of a strong economy. 

Venmo is debuting its Venmo Credit Card after a much-anticipated roll out since the company made the announcement last year. 

As you enter the workforce after graduation, you should get started on the right financial path. Here are six tips to help you manage your money wisely.

U.S. consumer borrowing rose by a solid 3.6% in July, the second monthly gain after the coronavrius pandemic had sent borrowing down sharply in the previous three months.

White House trade adviser Peter Navarro slammed Democratic presidential nominee Joe Biden as an ally of credit card companies over average Americans on Sunday.

The drop in credit card debt underscores how the pandemic affected consumer spending habits, as households did not want to take on additional debt.

Capital One must submit a plan to the U.S. central bank within 90 days outlining how it intends to improve the protection of customer's personal information.

American Express, which earned $257 million in the second quarter, said cardholder spending hit bottom in April before improving in May and June.

Contrary to common belief, having 1% of your credit limits in use may help your credit score even more than showing 0% usage.

Businesses in the U.S. and 3 other countries lost $20.3 billion in 2019 due to false card declines.

American credit card debt plummeted during the coronavirus pandemic, dropping below $1 trillion for the first time in years. 

In a recent credit card survey, PayPal reported how Americans are using their credit card points during the coronavirus.

The report found the uptick in fraudulent activity may be linked to the increase in "card not present" activity amid a 250 percent surge in digital transactions since the pandemic began.

It is the second day of declines for shares of the company

Company says it is first foreign payment network to be licensed to clear domestic transactions in mainland China

Fraudsters are increasingly using pilfered credit-card numbers and phishing attacks to prey on overwhelmed consumers and banks during the coronavirus pandemic.

The payment processor is also considering consolidating offices.

Some issuers have said they would waive fees and interest for those struggling in the coronavirus fallout.