As The Economy Implodes, Credit Card Balances Are Increasing At The Fastest Pace In U.S. History
By Michael Snyder When the going gets tough, it can be extremely tempting to pile on debt as a solution. The cost of living is…
credit cards
Gun Shops And Customers Claim Credit Card Firms “Restrict” Firearm Purchases
By Tyler Durden Gun-rights advocates warned that a new change to the credit-card industry to add a firearm and ammunition-specific Merchant Category Code (MCC) for gun…
Canadian Bank Launches Credit Card Linked To Carbon Emissions
By Paul Joseph Watson A bank in Canada has become the first in the country to launch a credit card that tracks a customer’s carbon…
Consumers Stand to Lose From Swipe Card Regulations
By Satya Marar Politicians and a coalition of powerful retail giants are pushing bills intended to limit the fees that businesses pay when a customer buys things…
Mastercard Just Outlined Its Digital ID Push
By Ken Macon At the Authenticate 2022 event, Mastercard SVP of Digital Identity Sarah Clark detailed the company’s digital ID plans. Clark detailed Mastercard’s plans…
Credit Card Rates Just Hit A Record As The Average Car Loan Rises To Fresh All Time High
By Tyler Durden With the 30-year mortgage now (un)comfortably into 7% territory, the US housing market is already suffering the “sharpest turn since the 2008…
Shocking Consumer Credit Numbers: Everyone Maxed Out Their Credit Card As Economy Slid Into Recession
By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the August consumer credit report from the Federal Reserve was another shocker…
How the Government is Causing a Credit Card Debt Crisis
By Brad Polumbo Inflation still isn’t letting up, and it’s a top concern for Americans right now. But we just learned of yet another way…
Americans Drowning In Long-Term Credit Card Debt: Survey
By Tyler Durden In June we reported that consumer credit – particular revolving credit – was through the roof, as tapped-out consumers relied on credit…
Average US Credit Card Rate Hits Highest On Record
By Tyler Durden While the Fed’s rate-hiking cycle is about to push the overnight Fed Funds Rate to 2.50% in two weeks, banks have so…
Average Credit-Card Debt Soars By 13%, Largest Increase Since 1999
By Bryan Jung The average credit card debt held by households in the United States surged by 13 percent in the second quarter, the largest increase in…
US Household Saving Rate Vanishes, Credit Card Debt Soars
By Daniel Lacalle The United States consumption figure seems robust. An 0.9 percent rise in personal spending in April looks good on paper, especially considering the…
Shocking Consumer Credit Numbers: Everyone Maxing Out Their Credit Card Ahead Of The Recession
By Tyler Durden While it is traditionally viewed as a B-grade economic indicator, the April consumer credit report from the Federal Reserve was another shocker…
Shocking Consumer Credit Numbers: US Credit Card Debt Soars Most On Record With Savings Long Gone
By Tyler Durden While it is traditionally viewed as a B-grade indicator, the November consumer credit report from the Federal Reserve was an absolute stunner…