Visa launches consulting practice to advise clients on implementing AI
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.
Fed rate pause offers little relief to Americans buried in credit card debt
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 hits a new record while delinquencies also rise
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.
Credit card debt set to hit a fresh record
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.
AmEx's third-quarter profit beats estimates on buoyant spending
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 are on the rise
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.
Biden called upon by pro-growth groups to withdraw CFPB’s late fees rule
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
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.
Americans say credit cards add to the challenge of managing finances: survey
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.
Average credit card balances rise to more than $6,000
Credit card originations increased and balances have risen. But there are ways to pay off your high interest debt.
Consumers grow unhappy with credit card perks as they spend at record levels: report
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.
Visa launches $100M fund for startups in generative AI
Visa has introduced a $100 million investment fund dedicated to nurturing startups working in the field of generative artificial intelligence (AI).
Americans to deplete pandemic era savings by end of Q3
After accumulating record breaking excess savings in the COVID-19 recession, Americans could soon deplete these reserves, the San Francisco Fed reported.
Household income drops amid high inflation
The typical American’s income dropped for the third straight year amid record-high inflation. But you can still pay down high-interest debt quickly.
Paying credit card debt down is getting harder
Americans are holding over $1 trillion in credit card debt, yet many are not quite sure what the monthly interest charge is, costing some spenders hundreds of extra dollars each month in addition to the monthly payment.
Inflation is affecting parents' ability to pay for education: survey
Inflation is taking a toll on back-to-school shopping expenses in 2023 as parents struggle with funding their children's education, supplies and extracurriculars, according to a survey.
Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
Retail trade group urges passage of bill that would reduce credit card 'swipe fees': Here's why
The National Retail Federation has been pleading for Congress to pass the Credit Card Competition Act, even going as far as to launch a six-figure advocacy campaign.
Taco Bell employee in hot water after customer makes disturbing find on bank statement: police
Police in Oregon, Ohio, arrested Taco Bell employee Trevell Mosby on allegations that he made fraudulent transactions on fast-food customers' credit cards.
States with the highest credit card debt
Californians and Texans hold the most credit card debt, according to WalletHub. U.S. consumers nationwide hold more than $1 trillion in credit card debt.



















