March 9, 2023
“More consumers are leaning on credit cards to afford increasingly expensive necessities such as food and rent. That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from a year… Continue Reading…
February 9, 2023
“…“We have a nice little sign in front of our register that says ‘Hey, credit card fees, they cost us a lot of money,’” Victor Garcia, longtime owner of Sol Dias, told CNBC. “Last year they cost us $25,000. This… Continue Reading…
February 3, 2023
“On the heels of another rate hike this week by the Federal Reserve, credit card annual percentage rates are already near 20%, on average, and set to climb even higher. At the same time, more consumers are leaning on credit to afford increasingly expensive… Continue Reading…
January 27, 2023
“Bed Bath & Beyond said Thursday it doesn’t have enough cash to pay down its debts and it has defaulted on its credit line with JPMorgan, warning once again of a potential bankruptcy. Shares of Bed Bath plunged Thursday afternoon,… Continue Reading…
January 13, 2023
“Citigroup said fourth-quarter net income decreased by more than 21% from a year ago as the bank set aside more money for potential credit losses. Shares were up 0.74% as investors looked to some positives in the report including a record… Continue Reading…
June 27, 2022
“Higher gasoline prices have led stations to raise the holds they put on cards by as much as 40%, a change that means overdraft risks for some… When drivers insert a credit or debit card at the pump, the gas… Continue Reading…
March 22, 2022
“The major credit bureaus, Equifax, Experian, and TransUnion, just announced a major change to how medical debt is included in your credit history. Soon 70% of medical debt will be removed from consumers’ credit reports, according to a joint statement released March 18.… Continue Reading…
February 17, 2022
“Americans’ credit card balances spiked $52 billion in the last three months of 2021. Inflation is partially responsible, raising the cost of food and gas. Americans have been swiping their credit cards at record speed in the last few months,… Continue Reading…
April 14, 2021
“The IRS plans to begin sending monthly payments from the new $3,000 child tax credit in July, Commissioner Charles Rettig said Tuesday during a hearing with the Senate Finance Committee. The new and significantly expanded child tax credit was included in the $1.9 trillion… Continue Reading…
July 22, 2020
“Margaret Keane has been in the credit card business for 40 years and she’s seeing something she never expected: There’s mass unemployment, yet Americans are paying their bills on time. In normal times, that’d be good sign of financial responsibility.… Continue Reading…
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