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102 articles found for "savings"
Lawmakers have introduced a bipartisan bill to cap credit card interest rates at 10% APR as the average rate on general-purpose cards hits a record 25.2% and total revolving debt approaches $1.3 trillion.
The Federal Reserve's latest consumer credit report shows borrowing accelerated to a 5.7% annual rate in December, the fastest pace since summer, as credit card debt hit a record $1.233 trillion.
Federal Reserve Governor Stephen Miran argues the central bank needs to cut interest rates by at least 150 basis points in 2026, far more than the 50 basis points markets expect.
The SAVE repayment plan is being dismantled, student loan forgiveness is now taxable, and new federal borrowing limits take effect in July. Here is what millions of borrowers need to know and do before time runs out.
US credit card debt has surged to a record $1.2 trillion as average household balances top $11,000 and 47% of cardholders expect their debt to increase in 2026, raising alarms about consumer financial health.
The Trump administration's settlement ending the SAVE repayment plan forces millions of borrowers to transition to costlier alternatives as the new RAP plan awaits July launch.
TransUnion projects credit card balances will grow just 2.3% in 2026—the smallest increase since 2013—as consumers pull back and delinquency rates stabilize.
American credit card debt reached an all-time high of $1.233 trillion in Q3 2025, with 47% of cardholders carrying balances and over one-fifth believing they'll never escape the debt cycle.
As of January 1, 2026, federal student loan forgiveness through income-driven repayment plans is now subject to federal income tax. Here's what borrowers need to know about this major change.
Credit card delinquency rates dropped to 2.98% in Q3 2025, marking five consecutive quarters of improvement as consumers pull back on borrowing.
President Trump has floated a 10% cap on credit card interest rates as Americans carry record $1.23 trillion in card debt. Here's what experts say about the proposal.
President Trump's call for a 10% cap on credit card interest rates has sparked debate. Here's what consumers should understand about the proposal's chances and what it means for your wallet.