Credit Cards

Among low- and middle-income families with credit card debt: One-third said they are paying down balances faster in response to new requirements for clarity and disclosure on monthly billing statements. Between 2008 (before the CARD Act went into effect) and 2012 (when the law was in full swing...
12/12/2012
Data Byte
This year’s holiday shopping season has started with a bang with 247 million shoppers (an all-time high and up from 226 million last year) spending an average of $423 each at local or online stores during the Thanksgiving Black Friday weekend.[4]According to the National Retail Federation, retail...
12/12/2012
Publication
Households identify late payments toward student loans as contributing to their low credit score.  
09/05/2012
Data Byte
Sixty percent of indebted households who had college expenses for a child in the past 3 years report that those expenses contributed to their current credit card debt. 
09/05/2012
Data Byte
As states continue to cut higher education budgets, rising tuition prices mean that increasingly students and their families rely on debt—both credit cards and student loans—to pay for college costs. Today, graduating college seniors leave with an average of over $25,000 in student loan...
09/05/2012
Publication
The home mortgage crisis and Great Recession destroyed a generation of economic progress for African-American families. Now, reports the Washington Post, the discriminatory impact of credit scores and reports could cement the disadvantages into place for decades to come. To be clear, there’s...
07/09/2012
Blog
The 2009 CARD Act has been celebrated for helping consumers: The law limits interest rate hikes, fees, and other frustrating aspects of the credit card industry. Now, on the three-year anniversary of the bill’s signing, a report from the research and advocacy organization Demos suggests that it has...
05/31/2012
News/Resource
Young people – ages 18 to 24 – have credit card balances well below the average, owing $2,982. While 25 to 34-year-olds managed to cut their credit card debt in half compared to our 2008 survey, they still average over $5,000 in credit card debt. Older population groups have increasingly high...
05/25/2012
Data Byte
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