Attorneys for a Canadian man convicted in what investigators said was one of the largest credit card schemes in U.S. history tediously denied Wednesday that he owes nearly $750,000 in restitution by challenging dozens of his alleged victims one-by-one in court.
Do credit card disclosures influence consumers’ financial behavior? And if so, do they influence it for the better or the worse? Both, a new study finds. Today the Consumer Financial Protection Bureau meets to discuss the credit card marketplace, a year after the effective date of many...
If you are carrying significant credit card debt, you have a lot of company. Recent studies show that the average U.S. consumer has four credit cards and the average household carries $6,500 worth of debt. Nearly five percent of credit card holders are at least two months late on a payment.
As competition for more affluent consumers heats up among card issuers, more are reducing or even dropping their foreign transaction fee charges
CHICAGO, IL-- - The national credit card delinquency rate reached 0.78% in the fourth quarter of 2011, a drop of almost 5% from the same period one year ago and continuing well below historical norms. ...
More people opened new credit card accounts last year, as the banking industry began to loosen standards it tightened during the recession.
TORONTO, ONTARIO-- - There were no unpleasant surprises for the majority of Canadians who opened their post-holiday January credit card statements this year, according to a BMO Credit Card Health Check ...
Only 54 percent of Americans have more emergency savings than credit card debt, according to a February study by Bankrate.com.
NEW YORK, Feb. 21, 2012 /PRNewswire/ -- Only 54% of Americans have more emergency savings than credit card debt, according to a new poll released today by Bankrate.com (NYSE: RATE - News). One in four Americans ...
Credit card insurer CPP will hold talks with the City regulator over the next two weeks in a desperate attempt to safeguard its future.