Small businesses struggling to get credit after SVB collapse
An NFIB survey of small businesses found that more owners are having difficulty getting a loan after the collapse of Silicon Valley Bank in early March.
Should you ask your credit card issuer for a credit limit increase? Here are the pros and cons
Increasing your credit spending limit allows you more spending power, but introduces more risks. Requesting a high credit limit isn't difficult, but there are factors to consider.
Apple Pay Later launches after a six-month delay
Apple announced the soft launch of its long-awaited buy now, pay later service option for Apple Wallet.
How the banking crisis could hammer small businesses
Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.
Apple launches its own buy now, pay later service
Apple launched its own buy now, pay later service, which will allow users to spread out payments without interest amid a time when uncertainty around the economy grows.
Banking crisis threatens to ignite credit crunch for US households: What to know
Upheaval within the banking sector has raised the risk of a "credit crunch" in the U.S., which would make lending standards drastically more restrictive.
More people are delaying paying up front
Consumers are increasingly relying on Buy Now, Pay Later services in order to cover the costs of their daily expenses amid the uncertain economic environment.
Auto loan interest rates hovered below 8% for borrowers with subprime credit scores: CUNA
Auto loan median interest rates sat at about 8% for people with low credit scores, according to a report by CUNA. Here's how you can lower your monthly car payments.
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.
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.
Household debt skyrockets to highest level since 2008 financial crisis
U.S. households are racking up debt as they confront rising interest rates and high prices for everyday necessities, according to a WalletHub analysis.
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.
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.
Chase to hire more than 500 small business bankers over 2 years
JPMorgan Chase's consumer and commercial arm announced it plans to hire more than 500 small business bankers through 2024 to help customers navigate economic uncertainty.
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.
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.