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US credit card defaults soar to highest in 14 years

Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers are racking up credit card debt amid a surge in spending. Experts are sounding the alarm over a new report showing that credit card loan defaults have skyrocketed this year, warning that the dam of American consumer debt at a record […]

Credit Card Defaults Surge to 14-Year High – PYMNTS.com

Credit card defaults are at their highest level since 2010 as consumers feel increasingly stretched. As the Financial Times (FT) reported On Sunday (Dec. 29), card lenders wrote off $46 billion in seriously delinquent loans in the first nine months of this year, a 50% increase compared to 2023. This level is the highest in […]

JESSE WATTERS: Congress just got caught trying to put $100 billion on our credit card

Jesse Watters talks about DOGE's Elon Musk and Vivek amid many unfavorable parts of the latest spending bill, a national debt of nearly $36 trillion, and a projected $2 trillion budget deficit in 2025. – Learn more about how Ramswamy urged Republicans to reevaluate the measure before winter break. Trump, Musk face conservative outrage over […]

Watchdog warns credit card companies over devaluing, canceling reward points, miles

The Consumer Financial Protection Bureau warned Wednesday that it may be against the law for credit card companies to devalue or cancel points, cash back and miles rewards programs. The CFPB report also found that credit cards that offer store-specific perks often charge “significantly higher” interest rates than other cards, and that some companies offer […]

Credit card scams: What to look out for this holiday season – Fox Business

See what's being clicked on FoxBusiness.com. Credit card fraud is on the rise, especially as the holiday season gets into full swing. Fraudsters deploy a variety of tactics to carry out such fraud, including using credit card skimming machines to deploy fake messages about fraudulent or fraudulent charges. Especially during the holiday season, “scammers are […]