Credit Card Debt news and trends

JPMorgan Forecasts Rising Interest Income Despite Economic Uncertainty
Banking // May 19, 2025

America’s biggest bank says businesses and consumers are resilient in the face of uncertainty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Big Banks Work to Carve Out Piece of BNPL Space
Buy Now Pay Later // March 09, 2025

Banking giants are trying to catch up to FinTechs in offering pay later services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Senate Bill Would Cap Credit Card Interest Rates at 10%
Credit Cards // February 04, 2025

Senators Bernie Sanders, I-Vermont, and Josh Hawley, R-Missouri, introduced a bill Tuesday (Feb. 4) that would cap credit card interest rates at 10%. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Ally Sells $2.3 Billion Credit Card Business to CardWorks
Acquisitions // January 22, 2025

Ally Financial has sold its credit card business to consumer finance company Cardworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Interviews & Exclusives
November Issuer Data Extends Trend of Rising Credit Card Charge-Offs

December 17, 2024
Securities and Exchange Commission (SEC) filings from several card issuers offer up a mixed portrait of the U.S. consumer in November. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing […]

As Card Delinquencies Rise, Will Debt Consolidation Loans Have Their Moment?

October 09, 2024
Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. Get the Full Story Complete the form to...

Paycheck-to-Paycheck Consumers Won’t Find Budgetary Breathing Room From Rate Cuts

September 23, 2024
The initial euphoria that greeted the Federal Reserve’s decision this past week to cut interest rates for the first time in four years was keenly felt on Wall Street. Get...

Fed Data Shows 9.1% of Credit Card Balances Hit Delinquency Status This Year

August 06, 2024
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans...

Quick Reads
JPMorgan Forecasts Rising Interest Income Despite Economic Uncertainty

May 19, 2025
America’s biggest bank says businesses and consumers are resilient in the face of uncertainty. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing […]

Big Banks Work to Carve Out Piece of BNPL Space

March 09, 2025
Banking giants are trying to catch up to FinTechs in offering pay later services. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Senate Bill Would Cap Credit Card Interest Rates at 10%

February 04, 2025
Senators Bernie Sanders, I-Vermont, and Josh Hawley, R-Missouri, introduced a bill Tuesday (Feb. 4) that would cap credit card interest rates at 10%. Get the Full Story Complete the form...

Ally Sells $2.3 Billion Credit Card Business to CardWorks

January 22, 2025
Ally Financial has sold its credit card business to consumer finance company Cardworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...