U.S. households are piling on record credit card debt, says Fed report
But Americans' kitchen table finances are also in a precarious place, with credit card balances reaching a new high. The news comes from the New York Federal Reserve's Report on Household Debt and Credit for the second quarter of 2024,
This Week In Credit Card News: Medical Debt To Be Eliminated From Credit Reports
Outstanding credit card and other revolving debt decreased $13.7 billion, the most since early in the pandemic, after surging a month earlier. Non-revolving credit, such as loans for vehicle purchases and school tuition,
Medical debts will no longer be on credit reports. Here's when new rule takes effect
Change expected to "remove an estimated $49 billion in medical bills from the credit reports of about 15 million Americans."
Medical Debt Will Disappear From Credit Reports in March, CFPB Ruling Says
The ruling by the Consumer Financial Protection Bureau could help lift credit scores, but it may face legal challenges.
Medical debt to be banned from credit reports
The rule from the Consumer Financial Protection Bureau (CFPB) will remove $49 billion in medical debt for 15 million Americans, according to the White House.
Medical debt to be stripped from credit reports by federal rule. What to know
With a new rule from the Consumer Financial Protection Bureau, you could find it easier to get a loan even with medical debt.
A new credit card for NYC millionaires has over 30,000 people on the waitlist
In a tough time for fintech, Atlas is looking to beat the odds by building a business focused on serving high-net-worth ...
How Credit Card Swipe Fees Became the Third-Largest Expense for Many Small Businesses
Processing card transactions costs merchants billions each year, and will likely rise as legal efforts and legislation to ...
New Year, New Credit Card Strategy: 4 Ways to Up Your Credit Card Game in 2025
If one of your New Year's resolutions is to improve your credit card game, take note of your current debt or find a card with ...
Paying rent with a credit card: How it affects your finances – Pros and cons
Paying rent with a credit card can help accumulate points and build credit, but it also has disadvantages like fees and ...
Parents Are Gaming Their Kids’ Credit Scores
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I just picked up a credit card with my perfect 800 score and looking for the best credit card hacks - where do I start?
One of the more popular credit card hacks is "churning" or signing up for many cards during a year for the promotional ...
How to calculate the true cost of using a credit card – A complete guide
Credit cards offer rewards and benefits but come with costs like interest, annual fees, and foreign transaction fees. Users ...
Dear Clever Credit: I Just Got My Third Capital One Card. How Can I Earn More Rewards?
Now, there actually isn't a Capital One Trifecta. You're probably thinking of the Chase Trifecta, which is a strategy for ...
The fight over credit card swipe fees enters a new year with no end in sight
With new fee increases and more shoppers ditching cash, small businesses urge their customers to consider sticking with bills ...
Credit card interest rate forecast for 2025: Rates will only fall a bit
Unfortunately, if you’re among the half of credit cardholders who carry debt from month to month, you’re unlikely to catch ...
Delta’s SkyMiles Dilemma: The airline’s impressive first-class profits could hurt credit card loyalty
Now that Delta is selling the vast majority of its premium seats—a big turnaround from a decade ago—what will become of its ...