Card APRs Continue Peaking Despite Rate Cuts
Card APRs for U.S.-issued major credit cards in the third-quarter increased by 64 basis points (bps) between the third-quarter 2018 (3Q/18) and 3Q/19, as …
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U.K. Card Lending Descends in January to a New Low of 6.5% Annually
U.K. card lending gravitates down in early 2029. Based on consumer credit statistics released this morning by the Bank of England (BOE), annual consumer …
Canadian Cardholders Use Credit Cards Judiciously as Most Clear Balances Monthly
Canadian cardholders have slacked off in credit card usage this year as consumer confidence declines after hitting an all-time high in November 2018. However, …
Consumer Confidence Ranging from Optimism to Pessimism is All Over the Map in 2019
Consumer confidence is a mixed bag around the globe for the start of 2019. Consumer confidence in the U.S. is “rebounding,” while the U.K. …
Cyber Crooks Develop Formjacking to Capture Customer Credit Card Details via E-Tailers
Cyber crooks are getting bored while becoming more sophisticated, driving online shoppers and online retailers crazy. The latest criminal scheme is injecting malicious code …
Skewed Economic Data Produced Rocky Start for 2019 & the Rocky Road Ahead
As the fog clears it has become clear the Trump Shutdown messed up consumer economic statistics, far more than projected, producing skewed economic data. …
Stiffing Credit Card Issuers Up a Pinch in Wake of a Peppy U.S. Economy
The number of Americans stiffing credit card Issuers has been slowly growing but confounds economists. While the number of consumers more than 30 days …
Credit Card Late Payers Among Top 100 Banks Hit a Six-Year High in Q4
The number of credit card late payers grew to highest level since the first three months of 2013. The Top 100 banks report consumer …
Fantastic Plastic Not So Fantastic as Aussies Chop Up Credit Cards
Australians are cutting up their fantastic plastic to the tune of 66,000 credit cards per month. In December Aussies closed 60,000 credit card accounts, …
President’s Club Perks: Credit Cards, Rare Ale, Stadium Seats, Gun Range, Barber Shop
Feeling “Presidential” Today? Strap on your seat belt, open your wallet and enjoy the President’s Club Perks. By the way, former President Obama’s favorite …
