A new study from the Federal Reserve indicates that it’s not income levels or ability to repay that drives banks’ willingness to extend credit. Rather,...
Consumers are increasingly seeking flexible and convenient payment options, leading to the rising popularity of deferred payment plans such as credit card installment plans and...
April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline...
Household debt has risen substantially in 2020 thus far, shooting up to $14.3 trillion, a number bypassing the height of the Great Recession by $1.6...
Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Customer spending limits...
David Solomon, the CEO of Goldman Sachs, is denying claims that gender bias is apparent in the algorithm it uses to determine credit limits for...
Goldman Sachs has promised to reevaluate how credit limits are determined for Apple Card users after being accused of gender discrimination. “We have not and...
Apple Co-founder Steve Wozniak said Apple gave him a credit limit 10 times higher than they gave his wife after they both applied for an...
There is an election in the U.S. tomorrow, a hotly contested one on many fronts. In the months leading up to it, the world has...