American Express takes further control of restaurant reservations
American Express recently acquired yet another restaurant booking platform. The company, which already owns Resy, offers its cardmembers exclusive reservations benefits.
Visa, Mastercard can likely handle swipe-fee settlement bigger than $30 billion: judge
A judge who rejected a proposed $30 billion settlement between card issuers Visa and Mastercard and merchants said the issuers could likely handle a "substantially greater" settlement.
Judge rejects multibillion Visa, Mastercard settlement in swipe fee case
A federal judge on Tuesday rejected a proposed $30 billion settlement between card issuers Visa and Mastercard and merchants over swipe fees assessed on customers' transactions.
Most travelers trying to keep frugality in mind when planning summer travel: Experian
Gen Zers may be willing to spend on travel to live events, but most consumers remain frugal when planning their summer trips.
Buy now, pay later products to be treated like credit cards, CFPB says
BNPL lenders must now follow the federal Truth in Lending Act (TILA) and Regulation Z rules that apply to credit cards, the CFPB said.
Consumers want credit products despite high interest rates: TransUnion
A recent TransUnion report said consumers had more than 543 million bank cards in their wallets in the first quarter of 2024, an increase of 20 million year over year and more than 88 million from just three years ago.
eBay ditching American Express as a payment option this summer
eBay customers will no longer be able to use American Express credit cards to pay for purchases on the popular online marketplace come mid-August, eBay said.
Consumers discouraged by high interest rates and deteriorating financial health: study
Many financially strained consumers are unhappy with their lenders as interest rates continue to rise.
Financial dangers of store credit cards can be ‘severe,’ expert warns
Financial planner and "What Should I Do With My Money?" author Bryan Kuderna breaks down the hidden dangers with store credit cards as more Americans take on debt.
Walmart, Capital One end exclusive consumer credit card agreement
Capital One and Walmart announced the end of their exclusive consumer credit card partnership that began in 2019, though cardholders can continue to use their cards and earn rewards.
Credit card usage is up as inflation continues to rise
Most Americans are dealing with high levels of credit card debt, but Gen Z is particularly prone to high credit card debt.
Bond King Jeffrey Gundlach warns over US economy as Americans' debt piles up: 'Concerning'
DoubleLine Capital CEO and founder Jeffrey Gundlach weighs in on the state of the U.S. economy and whether the country will go into a recession this year.
Visa changes coming this year will mean fewer cards for Americans
Visa says it has "reinvented" the card, and Americans will soon be able to make payments from multiple credit and debit account options using a single card.
Credit card debt is surging as average American owes $6,218
New data published Thursday by TransUnion shows the average debt per borrower hit $6,218 at the end of the first quarter, an 8.5% increase from one year ago.
Texas judge stops Biden Administration rule that caps credit card late fees at $8
The Biden Administration is trying to stop junk fees, but a judge put a stop to a rule capping credit card late fees at $8.
Americans are carrying a record amount of household debt
New York Federal Reserve data released Tuesday shows household debt hit a fresh record in the first quarter of 2024 amid a surge in mortgage balances.
Credit card debt poised to smash another record high
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.
US regulators investigate credit card rewards 'bait and switch' schemes
The Consumer Financial Protection Bureau is investigating what it is calling "bait and switch" schemes that are related to credit card rewards programs.
Gen Z lean on credit more than millennials did and racking up more debt
Gen Z adults ages 22-24 are taking out more credit lines and racking up more debt than millennials of the same age did a decade ago, and experts are concerned the problem could get worse.
Small businesses are racking up credit card debt, raising some concerns
High inflation is forcing more small businesses to rely on credit cards to finance their operations, according to new data published by Bank of America.