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Total credit card balance in the US have soared past $1.03 trillion, hitting a new record, according to the Federal Reserve Bank of New York’s Quarterly Report. Q2 2023 was... read more

The post US credit card balances pass $1 trillion appeared first on Payments Cards & Mobile.

The latest data on UK credit card trends paints a picture of considerable consumer financial volatility as the dual pressures of higher inflation and higher interest rates squeeze funds. The... read more

The post UK credit card market report – Lenders on high alert appeared first on Payments Cards & Mobile.

BNPL has, to date, managed to escape regulations aimed at other interest-bearing loans. In the UK, where the BNPL market was worth £5.7 billion in 2021, as with regulators in... read more

The post BNPL regulation: Is consumer debt finally reaching breaking point? appeared first on Payments Cards & Mobile.

The latest report of UK credit card trends — for September 2022 — provides clear signs of consumer indebtedness as the cost of living crisis impacts finances. Analysis of the... read more

The post UK credit card market report 2022 appeared first on Payments Cards & Mobile.

Credit card borrowing in the UK has grown at its fastest pace since 2005 in the 12 months to July, Bank of England data has shown. The news further extends... read more

The post UK credit card and consumer borrowing rising at alarming rate appeared first on Payments Cards & Mobile.