While credit card balances edged down in the first quarter, more borrowers still fell behind on their card payments, the Federal Reserve Bank of New York found.
As rates of severe delinquencies rise, the youngest borrowers are having the hardest time keeping up iwth payments as ...
Credit card delinquencies are on the rise, as research from the New York Federal Reserve shows nearly a fifth of borrowers ...
New York Federal Reserve data published Tuesday shows credit card delinquencies jumped during the first quarter in a sign of ...
Credit Card Delinquencies , Are on the Rise. New York Federal Reserve data that was published on May 15 shows that credit ...
Almost one-fifth of credit-card borrowers were using at least 90% of their available credit in the first quarter of 2024, the ...
Roughly one in seven (15.3%) Gen Z credit card borrowers have maxed out their credit cards, according to new research from ...
Americans have never shied away from using their credit cards. But for many, those bills are coming due, and some are maxed ...
Credit cards have become the new emergency fund for many lower-income consumers in the U.S., an analysis of St. Louis Fed ...
Credit delinquency is increasing. 15.3% of Gen Z borrowers are maxing out their accounts. The Biden administration finalized a rule to eliminate junk fees on credit ...
Americans added $184 billion in total debt in the first three months of 2024, bringing the entire amount of U.S. consumer ...
The average credit card currently charges 20.66% interest on balances, making cards one of the most expensive ways to borrow, according to Bankrate. At the same time, credit card usage is soaring and ...