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CFPB to Investigate Credit Card Reward Programs

The CFPB will take a closer look at credit card reward programs following an increase in the number of consumer complaints. ....

Rohit Chopra , Elan Financial Services , Consumer Financial Protection Bureau , Consumer Bankers Association , Card Use During Economic Turbulence ,

Consumers' Total Outstanding Credit Leaps $23.7B in November

Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month, the Fed said in its monthly report. ....

New York , United States , Donghoon Lee , Elan Financial Services , Federal Reserve , New York Fed , Card Use During Economic Turbulence ,

Unexpected Expenses Hurt 30% of Consumers' Credit Scores

Unexpected Expenses Hurt 30% of Consumers' Credit Scores
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Card Use During Economic Turbulence ,

15% of Cardholders Cite Rewards for Credit Card Spending

Rewards and cash-back programs are among the primary factors motivating consumers to increase the share of expenses they pay with their credit cards. ....

United States , Card Use During Economic Turbulence ,

15% of Cardholders Cite Rewards for Increased Credit Card Spending

Bank-issued credit cards, owned by nearly 200 million individuals in the United States, have become an essential financial tool amid inflation and rising… ....

United States , Card Use During Economic Turbulence , Reaking News ,