Tag: credit card statistics

The private label credit card industry is surging ahead, as issuers are reporting higher profits and falling levels of late payments and charge-offs....

Falling consumer credit card debt levels are forcing banks to look for new sources of revenue and they have started to show their creative side....

On average, New Yorkers have the most credit cards in the U.S. - 3.77, but owe $1,040 less than the residents of the most indebted region - Atlanta....

A recent report from the Boston Fed concluded that America's lower-income consumers are in fact subsidizing the cost of credit card rewards programs....

Americans shed $1.3 billion of debt in June, according to the latest Federal Reserve Statistical Release, a drop of 0.7 percent at an annual rate....