What the Fed Rate Cut Means for Credit Cards | Credit Card News ...
WEB7 hours ago · For the first time since March 2020, the Fed cut interest rates. The federal funds rate is now 4.75% to 5% after being at a 23-year high of 5.25% to 5.5% since July 2023. Originally expected to ...
Credit Card News Articles - Bankrate
WEBAug 27, 2024 · The editors at Bankrate are dedicated to delivering timely, accurate, and reliable news to credit card consumers. See the latest stories from the credit card industry here.
The U.S sharply cuts how much credit cards can charge in late fees - NPR
WEBMar 5, 2024 · The Consumer Financial Protection Bureau issued a new rule Tuesday capping late fees on credit cards, a move designed to save customers an estimated $10 billion a year. Critics promised a lawsuit.
Credit cards are charging more 'excess' interest than ever, CFPB says
WEBFeb 22, 2024 · Credit card companies are hiking rates to record highs to pad their profits, according to a new Consumer Financial Protection Bureau report.
This Week In Credit Card News: Big Changes Could Be Coming To ... - Forbes
WEBMay 16, 2024 · Visa announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new features could mean Americans will be carrying fewer physical cards...
Visa and Mastercard agree to $30 billion settlement that will lower ...
WEBMar 26, 2024 · Two of the world’s largest credit card networks, Visa and Mastercard, as well as the banks that issue cards with them, have agreed to settle a decadeslong antitrust case brought upon by...
More Americans are falling behind on credit card bills : NPR
WEBMay 14, 2024 · Credit card delinquencies have returned to pre-pandemic levels, despite rising wages and a low unemployment rate. Rising rates of delinquency when both the labor market and the economy are...
American Airlines credit card: AA in talks to pick Citigroup ... - CNBC
WEB13 hours ago · American Airlines is in talks to make Citigroup its exclusive credit card partner, dropping rival issuer Barclays from a partnership that dates back to the airline’s 2013 takeover of US Airways ...
This Week In Credit Card News: Consumers Falling Into Record ... - Forbes
WEBNov 16, 2023 · Some are falling behind. About 28% of card users say they find it difficult to make the minimum payments on their credit cards and 14% say they've missed a payment this year. On average,...
Why now is a crucial time to pay off credit card debt | AP News
WEBFeb 6, 2024 · NEW YORK (AP) — For Americans who lacked savings prior to the pandemic, financial stress is rising. A combination of inflation, increased interest rates, and the end of pandemic-tied relief, such as the moratorium on student loan payments, has led to record credit card debt, experts say.