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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.

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.

Unexpected Expenses Hurt 30% of Consumers Credit Scores

Unexpected Expenses Hurt 30% of Consumers Credit Scores
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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.

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…

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