First-quarter card profits among the nation’s Big 6 U.S. issuers edged up 160 basis points (bps) year-on-year (YOY), compared to a tax cut fueled surge of more than 50% one-year ago. Sequentially, credit card profits were flat. Since 2015, the … Continue reading →
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Elham Mirshafiei was at the library cramming for final exams during her senior year at California State University-Long Beach when she grew nauseated and started vomiting. After the 10th episode in an hour, a friend took her to the nearest … Continue reading →
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JPMorgan Chase is quietly re-introducing a heavy-handed legal maneuver. Today, its Slate credit card customers received an email that the bank was updating its account terms. In the message was a lot of legalese about certain tweaks, and it included … Continue reading →
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Eric Rosenkoetter, an ACA International member and attorney with Maurice Wutscher LLP, provides insight on new amendments to licensing laws that will take effect in West Virginia June 7, 2019. According to a blog post from Rosenkoetter, on March 26, … Continue reading →
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Just two in five U.S. adults keep a household budget and track their spending, a recent report by the consumer finance website WalletHub found. Residents in Georgia and Louisiana have among the poorer money management skills compared to those living … Continue reading →
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J WASHINGTON — Consumer borrowing accelerated in April to the fastest pace in five months as a rebound in credit card use offset slower demand for auto and student loans. Borrowing increased by $17.5 billion, the Federal Reserve said Friday. … Continue reading →
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It’s been more than 10 years since the Great Recession slammed Americans, and some people’s credit scores are doing better than others. For all age groups, the average 2018 score was 680, still five points down from the 2008 average. … Continue reading →
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At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own. If you’re … Continue reading →
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China’s UnionPay, the world’s largest card issuer, will offer debit and credit cards for the first time in Europe, while the China-controlled giant continues to expand internationally to handle Mastercard and Visa cards. UnionPay, which has generated more than 6 … Continue reading →
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For many years, education policy experts whom I respect have argued in favor of making colleges have some “skin in the game” with regard to student loans. That is, they should have to bear at least some of the loss … Continue reading →
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