Americans are draining their retirement accounts, racking up debt due to high inflation
Chronic inflation hinders millions of Americans' ability to prepare for their financial future, according to a new study published by Allianz Life. Findings from the Allianz Life Insurance Company of…
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Six moves you’re making that can ruin your credit score
One of the most important lessons regarding your finances to understand is to preserve and protect your credit score, as…
Credit card debt poised to a hit a new record high
Americans are racking up more credit card debt as still-high inflation and steep interest rates continue to make the cost…
Bilt Rewards stops renters from ‘lighting your money on fire,’ founder and CEO Ankur Jain says
Bilt Rewards allows Americans to be rewarded for paying their rent, which is most people’s biggest monthly expense, as the…
Auto loan delinquencies spiked last year in troubling sign for economy
A growing number of Americans are falling behind on their car payments, an ominous sign for the U.S. economy as…
Student loan payments may be to blame for a spike in credit card delinquencies
A growing number of Americans are falling behind on their monthly credit card payments, and student loan repayments could be…
Consumer spending and debt are up as US economy begins rebound
Retail and food service purchases hit an estimated $700.3 billion in January 2024, a 0.6% rise from the year before,…
Capital One, Discover merger will break Visa-Mastercard 'duopoly,' analysts say
Capital One Financial's $35.3 billion deal for Discover Financial would create new competition for payments behemoths Visa and Mastercard, potentially…
How Capital One's acquisition of Discover could impact consumers
In the wake of Capital One announcing plans to purchase Discover earlier this week, opposing views have already emerged over…
Capital One's purchase of Discover faces political and regulatory hurdles
Capital One is plowing forward with plans to purchase Discover Financial, but the proposed acquisition is expected to face major…
Credit card interest rates predicted to fall, but debt remains high
Predictions abound for credit card interest rates in the coming months. Like many interest rates, it's likely credit card interest…
Credit card late fees capped at $8 under new Biden admin rule
The Biden administration on Tuesday finalized a new rule to cap all credit card late fees at $8, a move…
Credit card balances surge past trillion dollar mark as Americans struggle to build savings
Credit card balances hit a new benchmark in the fourth quarter of 2023, with balances topping the $1 trillion mark…