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FTC Launches Claims Process for Credit Karma 'Preapprovals'

FTC says it wants to help consumers hurt by misleading “preapproval” Credit Karma offers by launching a claims process for nearly 500,000 consumers. ....

United States , Federal Trade Commission , Intuit Credit Karma , Card Use During Economic Turbulence ,

Credit Quality Declines as Card Companies Tighten Standards

Last month’s credit card data indicates an ongoing deterioration of credit quality, as the average charge-off rate has climbed above 2019 levels. ....

United States , New York , John Hecht , Donghoon Lee , Federal Reserve Bank , Wolfe Research Bill Carcache , Seeking Alpha , Wolfe Research , Bill Carcache , New York Fed , Card Use During Economic Turbulence ,

45% Hardest Hit by Inflation Carry Revolving Credit Balances

PYMNTS Intelligence reveals that while 22% of unaffected cardholders maintain revolving balances, this more than doubles among those affected by inflation. ....

Card Use During Economic Turbulence ,

Gen Z Carries One Credit Card and Uses It More Than Other Payment Methods

It’s not how many cards consumers have, but how often purchases are put on plastic. Generation Z may be proving that less is more when it comes to the number… ....

Elan Financial Services , Card Use During Economic Turbulence , Reaking News ,

PYMNTS Data Shows Gen Z's Embrace of Credit

PYMNTS Data Shows Gen Z's Embrace of Credit
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