WASHINGTON (Reuters) - The U.S. Federal Reserve rejected a request to force credit card companies to immediately halt retroactive interest-rate increases on existing balances, Democratic Senator Charles Schumer said on Tuesday.
Similar Stories to U.s. Fed Rejects Request To Help Credit Card Holders on Bing News
Reuters: Business News, Reuters: Business
Tue, 05/05/2009 - 11:27am
Sections: business
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BING NEWS:
- More consumers are maxing out their credit cards: New York Fed
The number of borrowers who are at their credit limits is approaching its pre-pandemic level, and the percentage of balances that are sliding into delinquency has hit its highest rate in more than a ...
05/14/2024 - 12:58 pm | View Link - What To Do If Your Credit Card Application Is Denied
If you’re denied a credit card, you should receive an adverse action notice stating the reasons for the denial. Credit card rejections could be due to having too much debt, a low credit score, a thin ...
05/14/2024 - 11:14 am | View Link - More Americans are falling behind on credit card bills
Credit card delinquencies rose in the first three months of the year. That's a sign of the growing financial stress that some families are feeling in an era of rising prices and high interest rates.
05/14/2024 - 10:19 am | View Link - Credit card delinquencies rise as more Gen Z cardholders are maxed out, New York Fed research shows
Credit card balances edged down in the first quarter; however more borrowers fell behind on their card payments, the Federal Reserve Bank of New York found.
05/14/2024 - 5:26 am | View Link - Credit card debt poised to smash another record high
New York Federal Reserve data released on Tuesday morning is expected to show that American households are carrying a record amount of credit card debt.
05/13/2024 - 11:01 pm | View Link - More
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