Capital One customers not getting payments amid outage Banks & Cards January 17, 2025 Capital One said they began experiencing a disruption impacting the processing of some deposits, payments and transfers due to a…
How credit card swipe fees are affecting shoppers Banks & Cards January 9, 2025 Credit card swipe fees, which are among the highest operating costs for retailers, are taking a bite out of household…
US credit card defaults soar to highest level in 14 years Banks & Cards December 31, 2024 Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam…
Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scams Banks & Cards December 19, 2024 A federal consumer watchdog is warning that certain credit card companies may be illegally devaluing accrued rewards such as points…
McLaren’s Zak Brown, Mastercard’s Raja Rajamannar tout partnership ahead of Las Vegas Grand Prix Banks & Cards December 12, 2024 McLaren Racing Formula 1 Team and Mastercard officially launched their partnership on Thursday ahead of practice for the 2024 Las…
Bond King Jeffrey Gundlach warns over US economy as Americans’ debt piles up: ‘Concerning’ Banks & Cards December 10, 2024 As Americans’ debt grows, recession fears are refueled and the Fed grapples with the pressure to cut rates, “Bond King”…
Credit card usage is up as inflation continues to rise Banks & Cards December 9, 2024 Inflation has steadily been rising in recent years. The Consumer Price Index — a major measure of inflation — rose…
Walmart, Capital One end exclusive consumer credit card agreement Banks & Cards December 8, 2024 Capital One and Walmart announced Friday that they ended the agreement that made Capital One the exclusive issuer of Walmart’s…
Financial dangers of store credit cards can be ‘severe,’ expert warns Banks & Cards December 7, 2024 Nearly every store has rewards credit cards available for customers, but not all the offers add up to major savings.…
Consumers discouraged by high interest rates and deteriorating financial health: study Banks & Cards December 6, 2024 Consumer satisfaction is taking a dip in the wake of high interest rates, driven up by inflation and the remnants…