U.S. Credit Card Delinquency, Default, Repayment Rates Set New Records
U.S. credit card charge-offs fell to 3.44% in 2013 Q3; the 60-day delinquency rate dropped to 1.30%; the monthly payment rate (MPR) spiked to 26.27%....
How the CARD Act Saves Us $3.5 Billion a Year in ‘Other Fees’
The CARD Act has reduced the fees we pay for debt suspension, balance transfers, cash advances, returned payments and other transactions by $3.5 billion a year....
The Evolution of Money: From Shells to Bitcoin
Learn what our forebears used for currency to help them transact with one another when they were not too busy bashing each other over the head....
The CARD Act Has Made Credit Cards Cheaper
The total cost of credit cards has declined by almost 2% between 2008, the last full year before the CARD Act's gradual implementation began, and 2012....
Americans Keep Paying down Credit Card Debt
Americans kept paying down credit card debt in August, even as they continued to take out more auto and, especially, student loans, the latest Fed data tell us....