Credit card defaults in the U.S. continue to decline, proving that more consumers are improving their spending habits and paying off their outstanding balances.

Bill Crowley - Fri Sep 3 2010

It appears that more Americans are focusing on paying down their credit card balances or relying less on borrowed money, as evidence by the latest report from Standard & Poor's.

Bill Crowley - Wed Sep 1 2010

The implementation of the Credit Card Accountability, Responsibility and Disclosure Act is expected to provide more debt relief to consumers who were historically subjected to exorbitant late penalty fees and interest rate hikes. But issuers looking to curb losses may employ other measures to boost profits.

Lisa Blackwell - Fri Aug 27 2010

Many young adults are facing large amounts of debt related to credit cards and student loans, making their outlook appear dim. A recent Citi study conducted by Hart Research Associates revealed that although consumers in Boston have a more optimistic mindset than the rest of the country, the city's youth are particularly stressed about their debt.

Meredith Dwyer - Wed Aug 25 2010

The new rules imposed by the Credit Card Accountability, Responsibility and Disclosure Act that went into effect on August 22 are aimed at shielding young adults from abusive lending practices. But parents at Francis Marion University in South Carolina are not relying on the legislation to protect their children from debt.

Meredith Dwyer - Mon Aug 23 2010

Following the passage of the Credit Card Accountability, Responsibility and Disclosure Act, most credit card lenders are seeking ways to maintain profitability amid the limitations the legislation has imposed. As a result, consumers have seen credit card rates rise to the highest levels since 2001.

Lisa Blackwell - Mon Aug 23 2010

Many physicians and medical clinics have adopted healthcare credit cards, which they are now urging patients to secure as an alternative way to pay for procedures and treatments. However, New York Attorney General Andrew Cuomo has launched a number of investigations into health insurers, physicians offices and credit card lenders for practices he deems are deceptive and fraudulent, in some cases.

Shane Tyler - Mon Aug 23 2010

More Americans are seeing their credit scores decline, as evidenced by a recent FICO report that revealed more than 43 million Americans carry a rating below 600. Although more individuals are working with professionals who provide debt relief assistance and consumer education, many banks are now offering workshops to customers to help them improve their financial condition.

Lisa Blackwell - Mon Aug 23 2010

Citizens living in Atlanta, Georgia, do not hold as many revolving accounts as they did in the past, suggesting that their debt may not be as high. But a new report shows that the opposite is actually true, with residents carrying higher credit card balances than the rest of the nation.

Bill Crowley - Fri Aug 20 2010

The new rules that went into effect on Sunday, August 15, may allow some Americans who have a habit of overdrawing their bank accounts to curb additional fees. Most banks currently charge up to $39 when a consumer exceeds the balance of their checking account, even if the overdraft amount is a few dollars.

Lisa Blackwell - Mon Aug 16 2010

Consumers under the heavy strain of credit card debt have options, according to a recent report.

Bill Crowley - Fri Jul 16 2010

Reforms to the credit card industry brought on by the Obama administration are forcing many companies to be more "transparent" with consumers, said a recent report.

Meredith Dwyer - Fri Jul 16 2010

States have joined the fight over credit card swipes fees, and they aren't siding with the retailers.

Lisa Blackwell - Fri Jul 16 2010

Senator Dick Durbin introduced a credit card interchange fee amendment to the financial reform bill, and now he believes the credit card are threatening small banks with fees.

Meredith Dwyer - Fri Jul 16 2010

Consumers who carry a MasterCard credit card and also own an iPad or iPhone can now transfer money using these devices.

Meredith Dwyer - Fri Jul 16 2010