Credit limits have traditionally been treated as a mechanical feature of card programs: a numeric ceiling determined by algorithms, credit scores and internal risk thresholds....
Credit has become the cushion many consumers need to handle daily expenses and unexpected costs. Get the Full Story Complete the form to unlock this...
A new study from the Federal Reserve indicates that it’s not income levels or ability to repay that drives banks’ willingness to extend credit. Get...
April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline...
Hard times are hitting many people where it hurts – right in the credit cards they carry in their wallets or eWallets. Get the Full...
David Solomon, the CEO of Goldman Sachs, is denying claims that gender bias is apparent in the algorithm it uses to determine credit limits for...