CFPB’s Biennial Credit Card Report Finds Consumers Paid More than $130 Billion in Interest and Fees in 2022
CFPB’s Biennial Credit Card Report Finds Consumers Paid More than $130 Billion in Interest and Fees in 2022 Recently, the Consumer Financial Protection Bureau (CFPB) released its biennial report on the consumer credit card market to Congress, which found that...
Pressure Building in Consumer Loans, According to Latest Fed Data
Pressure Building in Consumer Loans, According to Latest Fed Data Recent data from the Federal Reserve found heightened pressure in consumer lending, as household debt reached $17 trillion and credit card debt was estimated to surpass the $1 trillion milestone....
ATM Fees Hit Record High as Overdraft and NSF Fees Drop
ATM Fees Hit Record High as Overdraft and NSF Fees Drop Bankrate’s annual Checking Account and ATM Fee Study found that the average combined ATM fee for out-of-network withdrawals was $4.73, which surpassed the previous average high of $4.72 in 2019. Alternatively,...
U.S. Banks Report Nearly $19 Billion in Loan Losses During Q2
U.S. Banks Report Nearly $19 Billion in Loan Losses During Q2 Earlier this month, U.S. banks reported $18.9 billion in loan losses during the second quarter of 2023, according to a report from the Financial Times (FT). That figure is the highest loan-loss rate seen in...
