Collectively, Americans owe $1.12 trillion on their credit cards, according to a new report from the Federal Reserve Bank of ...
As rates of severe delinquencies rise, the youngest borrowers are having the hardest time keeping up iwth payments as ...
American Express's rise in shares has been partially driven by a boost in Gen Z and Millennial card acquisition--a telling ...
A growing number of Americans are maxed out on their credit cards. Nearly one-fifth of credit card borrowers were using at least 90% of their available credit in the first quarter of 2024.
In the years prior to an Alzheimer's disease or other memory disorder diagnosis, credit scores begin to weaken and payment delinquency begins to increase, concludes new research led by Georgetown ...
Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit ...
New York Federal Reserve data that was published on May 15 shows that credit card delinquencies kept rising from January to March, Fox Business reports. In Q1 2024, delinquencies reached 8.9% at an ...
The economy has been resilient, the job market healthy and consumers keep spending, but more Americans are becoming financially overextended — especially on their credit cards. New data released ...
NEW YORK (AP) — Your wallet may soon be getting thinner. Visa on Wednesday announced major changes to how credit and debit cards will operate in the U.S. in the coming months and years. The new ...
The New York Federal Reserve reports debt delinquencies surged around 38% in 2023 as total consumer debt increased to $17.5 ...