Consumers Don’t See Any Benefit from the Credit Card Bill, a Bankers’ Group Contends

Merchants and credit and debit card issuers have controlled the bulk of the narrative, pro and con, about the proposed Credit Card Competition Act since the legislation was reintroduced last year. But ... Read More

CFPB asks court to reconsider keeping credit card fee rule case in Texas

The U.S. Consumer Financial Protection Bureau has asked a U.S. appeals court in Texas to reconsider tranferring a banking industry-backed credit card fee rule lawsuit to Washington, D.C. The lawsuit ... Read More

Consumer Alert: Businesses must tell customers about price differences between paying with cash or card

Let’s take a look at the price you pay with cash versus credit. You know, the surcharge of up to 4% that you often have to pay when you use a credit card.A new state law mandates that if businesses ... Read More

Everything You Need To Know About Consumer Credit Counseling

If you’re considering consumer credit counseling, you’re not alone. Whether you’re struggling with credit card debt, student loans, payday loans, personal ... Read More

As consumers lose millions to gift card scams, lawmakers pressure businesses

Recently-passed Maryland legislation, which is headed to the governor's desk, is seen as a possible national model. Read More

Can anyone check my credit without permission?

The Fair Credit Reporting Act protects consumer privacy in part by limiting who is allowed to view your credit report and why. Because your credit report contains private information, those who want ... Read More

Credit Card Statistics And Trends 2024

Roughly 191 million American adults have at least one credit card account, half of all Americans have at least two cards and 13% have at least five cards ... that they don’t know or are ... Read More

Best Capital One credit cards of April 2024

Capital One offers some of the best cash-back and rewards credit cards available to consumers and small business owners. The Capital One Savor Cash Rewards Credit Card ... If you don't qualify ... Read More

Average American Debt in 2024: Household Debt Statistics

Data from Experian breaks down the average debt a consumer holds ... people tend to have lower credit scores as they haven't had the time to build credit like older consumers. Read More

Average credit card debt increased 10% to $6,501 in 2023

There are well over half a billion credit card accounts, according to Experian data. Through these accounts, U.S. consumers drive more than $4.5 ... debt faster than the national average have ... Read More

Rozell: Credit Card Competition Act could create more problems for consumers

Members of Congress introduced the Credit Card ... the consumer. Since Visa and MasterCard have the majority of this business fee structure, lawmakers want to provide more options to consumers ... Read More

4 best starter credit cards for people with limited or no credit history

While the most valuable credit cards available tend to be created for consumers ... One Platinum Secured Credit Card (see rates and fees) is perfect for those who are looking for a secured card ... Read More