U.S. Credit Card Charge-offs, Delinquencies, Payment Rate All Set New Records
The credit card charge-off rate fell to 4.9% in May; the delinquency rate dropped to an all-time low of 2.47%; the MPR rose to 22.47% -- a record-high....
Author: UniBul
The Unbanked Are Better Paid than You May Think
The income of the average American "underbanked" consumer is $52,000, lower than the $73,000 average for the "banked" consumer, but unexpectedly high....
Facebook Ditches Credits, Keeps the 30% Payment Processing Fee
Facebook is phasing out Credits -- its digital currency -- but will keep charging a 30% payment processing rate, which is unsustainable in the long run....
Your Credit Card Complaint Is Now Public
The CFPB is making public information about credit card complaints filed with the agency, putting more pressure on the issuers to get them resolved....
Squaring up Loyalty Cards
Square Register users can now give loyalty cards to regular customers and have other cool features to work with, but the service comes at a cost....