The specter of an increase in bad debt hangs over America’s largest lenders. Banks such as JPMorgan Chase and Wells Fargo will release their earnings...
The holidays can be a stressful time financially for many consumers. Often, those consumers — particularly those living paycheck to paycheck — turn to their...
Both American Express and Bank of America saw credit card delinquencies climb last month. According to a recent Securities and Exchange Commission filing, American Express’ delinquency rate rose from 1.3%...
Consumers examining the debt they’re carrying — and the cost of servicing that debt — may be tempted to make the switch away from credit...
Americans now owe $1.08 trillion in credit card debt, a trend being led by millennial consumers. That’s according to a report issued Tuesday (Nov. 7)...
Consumers across income levels, credit scores and generations have accumulated high levels of debt. In fact, credit card debt recently surpassed $1 trillion for the...
The world of retail payments and lending is undergoing a significant transformation with the rise of buy now, pay later (BNPL) services. As noted in...
The United States economy’s heavy reliance on domestic consumption has become more relevant than ever, with consumer credit card debt breaking the $1 trillion mark...