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CFPB Finalizes Rule to Cut Late Credit Card Fees

CFPB Finalizes Rule to Cut Late Credit Card Fees

Average late fee charge reduced from $32 to $8
ABA Criticizes Proposed Cut to Debit Card Fees

ABA Criticizes Proposed Cut to Debit Card Fees

President and CEO Rob Nichols said proposed rules threaten affordable deposit account products
Credit Card Debt Numbers Rising According to Bankrate

Credit Card Debt Numbers Rising According to Bankrate

Almost 50% of all credit card holders are carrying credit card debt
Credit Card Satisfaction Among Small Businesses Higher Than Pre-Pandemic

Credit Card Satisfaction Among Small Businesses Higher Than Pre-Pandemic

The new survey found small businesses are spending an average of $13,000 per month on their credit cards
Majority of Americans Reliant on Credit Card Rewards During Holidays

Majority of Americans Reliant on Credit Card Rewards During Holidays

Electronic Payments Coalition survey found that most Americans currently have a credit card with a rewards program
Mortgage Applications Increase along with Credit Card Debt

Mortgage Applications Increase along with Credit Card Debt

While housing demand increased, it was still more than 20% below this time in 2022
Rising Credit Card Debt Increasing Financial Pressure

Rising Credit Card Debt Increasing Financial Pressure

Survey found more than half of Americans are not paying off cards in full every month
Credit Card Debt Over $1 Trillion Draws Attention from Congress

Credit Card Debt Over $1 Trillion Draws Attention from Congress

Interest rates for credit card holders have climbed to a record high of more than 20%
Goldman Sachs Sends Warning Due to Credit Card Losses

Goldman Sachs Sends Warning Due to Credit Card Losses

The losses are already the fastest pace in decades and comes even while the economy is relatively stable
SmartMetric Receives Approval for Fingerprint-Activated Card

SmartMetric Receives Approval for Fingerprint-Activated Card

US fintech receives clearance to ship its biometric card with inbuilt battery
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