Key Insight: After calling for a 10% rate cap on credit cards last month, President Donald Trump has grown quiet on the issue. But experts say regulators don’t have a very detailed understanding of how the market works or how pricing decisions are made. What’s at Stake: Billions of dollars worth of travel rewards would […]
Rate cap debate sidesteps big unknowns in credit card pricing Read More »
Key insight: Trump continued to call on Congress to pass credit card legislation. Expert quote: “Whatever happened to usury?” — President Donald Trump. What’s at stake: Earlier in the day, JPMorganChase CEO Jamie Dimon said that a 10% rate cap would be an “economic disaster.” WASHINGTON — President Donald Trump in Davos, Switzerland, renewed his
Trump, again, calls on Congress to cap credit card rates Read More »
The average credit card user carries a balance of nearly $6,000, as Americans hold more debt than ever, a new industry report found. Processing Content Americans bear a record $1.21 trillion in credit card debt, as the median interest rate hit 25.3%, according to Academy Bank’s latest white paper. The trend could affect home loan
Card debt hits record amount as providers charge high rates Read More »
U.S. lenders are racing to tap homeowners’ record equity, rolling out new HELOCs, non-QM loans, and even blockchain-backed products to capture market share. Boston Consulting Group’s third quarter recap noted that banks are focusing their mortgage operations on deepening customer relationships in order to grow, and this includes increasing second-lien lending. “Lenders continue to expand
From HELOCs to blockchain: home equity moves forward Read More »
Fairway Home Mortgage is partnering with Made Card to offer a credit card which will provide points for making their normal monthly loan payments and for purchases of home products and services. Borrowers do not need to use the Made for Home, formally the Made Essential Visa Signature Preferred Card, making their on-time mortgage payment
Fairway partners on card that boosts homeownership savings Read More »
hand holding envelope with overdue bill- vector illustrationAdobe Stock Late-payment rates among U.S. households remained elevated in the second quarter of 2025, driven in part by another steep slide into serious delinquency by student loan borrowers. By the end of June, 4.4% of Americans’ total outstanding debt was in some form of delinquency, according to
More consumers are in delinquency as student loans sour Read More »
Upper-income Americans are increasingly falling behind on credit card and auto loan payments, signaling an underlying vulnerability in the US economy as the labor market slows. Delinquencies on such debts from those making at least $150,000 annually have jumped almost 20% over the last two years, faster than for middle- and lower-income borrowers, according to
Even top earners are falling behind on credit card and car payments Read More »
How many times a day does a consumer pull out their credit card to pay for gas, groceries, or to buy themselves a sweet treat on their way home? Mortgage lenders hope that putting their company names on credit cards consumers use daily will keep their brands top of mind — and lead to repeat
Why homeownership credit cards are the next trend Read More »