With record rates and substantial late fees if they miss a payment, consumers are having a harder time paying off debt. Since 2021, the proportion of people with retail credit card debt that file ...

ROCHESTER, N.Y. – Retail credit card interest rates have surged recently and are not expected to decrease anytime soon. This increase followed a proposed rule by the Consumer Financial ...

Bears Credit card loan quality remains under pressure, with the special mentioned loan ratio increasing to 4.3%, the highest level among all retail loan categories.

As of December 2024, Americans hold $1.21 trillion in credit card debt, an increase of $45 billion from September 2024, per New York Fed data. What's more, 7.18 percent of U.S. credit card debt is ...

Between 2023 and 2024, new consumer bankruptcy filings rose 5.8% but the number of cases that included retail credit card debt rose 12%, a CNBC analysis of the data shows.

Since 2021, the proportion of people with retail credit card debt that file for bankruptcy has been rising at a faster rate than new filings overall, according to proprietary data and analytics ...