Credit card delinquency and debt both rise

While rates of late payments made into credit card balances, and those debts themselves, have improved appreciably over the last few years, there were slight upticks in both statistics during the third quarter of the year. Severe credit card delinquency and debt per borrower rose marginally between July and September as consumers struggled to get […]

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Debt a significant problem for newly-married couples

Today, as many Americans still struggle with massive debt loads, younger adults might be disproportionately affected by the problem. As a consequence, when two people with significant outstanding balances of their own get married, their issues might become even more exacerbated. The average young person leaves college with tens of thousands of dollars in debt […]

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Bank of America launches its own mobile platform

In an effort to replicate the success that several startups and other companies had in releasing their own mobile credit and debit card payments, one of the nation's largest and best-known banks recently launched its own version of such a platform. Many companies, especially those such as Square and Intuit GoPayment, found massive success in […]

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New credit card could fundamentally change industry

There have been many advancements in credit card technology in the last several years, but now a new one seems poised to change the way many cards look and are used to complete transactions in a far more secure manner. MasterCard, the second-largest processor of debit and credit card payments in the world, recently partnered […]

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Consumers placing more emphasis on credit card security

Today, credit and debit card users say that the security of their accounts is growing more important, as identity theft and other types of crimes that can expose payment data grow more prevalent. As such, many would like to see more protections put into place. One potential way in which consumers might be able to […]

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FTC cracks down on credit card debt scam

These days, criminals are trying any method they can think of to bilk consumers out of their money, and that includes using robo-calling devices to mislead them about outstanding debts they may have. Fortunately, one federal agency recently cracked down on five particularly large and successful plots. Millions of people all across the country may […]

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Fewer credit card agreements between lenders and colleges

The kinds of agreements between credit card issuers and colleges came into stark focus a few years ago, as the schools were essentially selling data on students, faculty, staff and alumni to financial institutions. But after a federal crackdown, those problems have slowly receded. The number of issuers, agreements, accounts both existing and new, and […]

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Mortgage borrowers now more creditworthy

While the housing market is slowly recovering from the massive hit it took several years ago, consumers may now be feeling better about its current and future state, and their ability to participate in it. Numerous statistics from a number of observers have shown a general improvement in the quality of the housing market in […]

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Credit complaints now under CFPB’s purview

In the past, the federal watchdog agency in charge of helping to protect consumers' finances has handled a number of different types of borrower complaints, but is now expanding that authority even further. The Consumer Financial Protection Bureau will begin accepting complaints about issues related to Americans' credit reports, effective immediately, according to a report […]

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Consumers slash instances of late credit card payments

Since the end of the recession, many Americans have been far more conscientious about making sure their various bills are being paid on time in full every month, and that shift in habits proved a boon to the nation’s largest credit card lenders in the third quarter. Overall, the six largest credit card issuers in […]

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