The CFPB is investigating credit APRs, and it wants consumers to comment on their rates, terms, and conditions.
Financial experts are warning credit card holders of mounting debt as data shows rising number of Americans are only completing their minimum payments every month.
Consumer stress escalates as the share of credit card holders making only minimum payments hit a 12-year high in the third quarter of 2024. The share of credit card holders making minimum payments ...
Meanwhile, a similar report from personal finance site NerdWallet found that 48% of Americans who have credit card debt say paying for necessities is a reason they carry a balance. While income has ...
A Record Number of Consumers Are Making Minimum Credit Card Payments as Delinquencies Also Rise ...
Many economists have felt relief over continued GDP growth. But ongoing data releases suggest that the foundation of the ...