Capital One Financial Corporation Purchases Discover
Capital One Financial Corporation announced Monday that it inked a deal and purchased Discover Financial, a credit card company.
Source: dailycaller.com
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Consumers' Total Outstanding Credit Leaps $23.7B in November
Consumers’ total outstanding credit leapt by $23.7 billion in November after growing by $5.8 billion the previous month, the Fed said in its monthly report.
Source: pymnts.com
Americans Spend Thanksgiving With Billions More Debt Than Last Year
Household debt has increased over the past year by nearly $800 billion to more than $17 trillion.
Source: newsweek.com
Credit Quality Declines as Card Companies Tighten Standards
Last month’s credit card data indicates an ongoing deterioration of credit quality, as the average charge-off rate has climbed above 2019 levels.
Source: pymnts.com
Millennials Struggle to Repay Debt as Rates, Balances Spike
Credit card APRs hit new highs, pressuring millennials as the cohort shoulders nearly 50 percent of the national debt.
Source: newsweek.com