Capital One customers not getting payments amid outage Banks & Cards January 17, 2025 Capital One said it is experiencing a technical outage that’s keeping customers from getting payments. The issue is tied to…
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…
Consumer watchdog warns companies against devaluing credit card rewards, launches tool to avoid scams Banks & Cards January 2, 2025 A federal consumer watchdog is warning that certain credit card companies may be illegally devaluing accrued rewards such as points…
US credit card defaults soar to highest level in 14 years Banks & Cards January 1, 2025 Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam…
Credit card usage is up as inflation continues to rise Banks & Cards December 30, 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 29, 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 28, 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 27, 2024 Consumer satisfaction is taking a dip in the wake of high interest rates, driven up by inflation and the remnants…
eBay ditching American Express as a payment option this summer Banks & Cards December 26, 2024 eBay customers will no longer be able to use American Express credit cards to pay for purchases on the online…
Buy now, pay later products to be treated like credit cards, CFPB says Banks & Cards December 25, 2024 The Consumer Financial Protection Bureau (CFPB) will apply credit card rules to Buy Now, Pay Later (BNPL) products. As a…