Some borrowers may now appear more creditworthy than they actually are, N.Y. Times reports.
Dick Bove, vice president of equity research at Rafferty Capital Markets, says that companies in the credit card business are among those with the biggest risks.
If you're using plastic to finance your getaway, you're racking up an average of $1,108 for a little rest and relaxation.
"Consolidating debt into one spot can be empowering and helpful from a psychological standpoint because it feels manageable," says Mathew Isaac, associate professor of marketing at Seattle University's Albers School of Business and Economics. Households that carried credit card debt last year had balances averaging $16,748, according to an annual study by...
June's quarter-point increase in the federal funds rate has far-reaching consequences for consumers.
WASHINGTON— Credit card holders will soon pay more. A series of Fed hikes generally means that overseas investors in search of interest income can increase their returns by shifting money into the United States. The most immediate effects, though, are generally on borrowers in the United States.
CREDIT CARD INDUSTRY ENTERING PHASE OF RISING LOSSES- JPMORGAN CHASE& CO CONSUMER CHIEF GORDON SMITH.
By the time you hear about a data breach, thieves have already tried to access your accounts and make unauthorized charges.
Dick Bove, bank analyst for Rafferty Capital, discusses his caution on investing in the dip in financials.
Sears said on Wednesday it found a security breach involving "unauthorized" credit card activity following some customer purchases at its Kmart stores.
May 31- Sears Holdings Corp said on Wednesday it found a security breach involving "unauthorized" credit card activity following some customer purchases at its Kmart stores. Certain credit card numbers were "compromised" in the event, the company said in an emailed statement, without providing exact figures. No personal information such as contact details and...
The “Fast Money” trader Pete Najarian breaks down why he thinks Visa is the must-buy credit card stock.
First Data CEO Frank Bisignano discusses the $750 million deal for CardConnect and the outlook for innovation in the payment processing space.
With so many rewards cards to choose from, and conditions to watch out for, the best one isn't always so obvious.
May 26- Chipotle Mexican Grill Inc said on Friday hackers used malware to steal customers' card data, including account number, expiration date and internal verification codes, from payment systems at some of its restaurants over a span of three weeks. The information could be used to drain bank accounts, if a debit card was used, or to make credit card purchases,...
May 26- Chipotle Mexican Grill Inc said on Friday hackers used malware to steal customers card data, including account number, expiration date and internal verification codes, from payment systems at some of its restaurants between March 24 and April 18. The information could be used to drain bank accounts, if a debit card was used, or to make credit card purchases,...
Nearly 9 in 10 people traveling for Memorial Day weekend plan to drive, says AAA. If you're on the road, here's how to save on gas.
More than 39 million Americans plan to travel for Memorial Day, according to AAA. If you're among them, here's how to save.
A plan that would remove limits of what banks can charge retailers won't make it to Congress.
It was the sixth consecutive quarter that charge-offs posted a year-over-year increase, said the FDIC. The FDIC insures bank deposits when a lender fails and the agency's Quarterly Banking Profile gives a snapshot of the industry's health. The amount of tardy loans, called' noncurrent', fell for the 27th time in the last 28 quarters which left the banking sector...