Tag Archives | Credit Card

U.S. credit card defaults at highest level since Great Recession

Originally published: World Socialist Web Site (WSWS) on December 30, 2024 by Jerry White (more by World Socialist Web Site (WSWS)) | (Posted Jan 03, 2025)

Credit card defaults in the U.S. reached their highest level since the 2008 financial crash during the first nine months of 2024, according to figures compiled by BankRegData and cited in a recent Financial Times article.
FTC orders Mastercard to answer questions about its data collection & monetization practices

Originally published: U.S. PIRG on July 23, 2024 by Consumer Alerts (more by U.S. PIRG) | (Posted Oct 08, 2024)

Credit card data is extremely valuable for companies aiming to predict how people will spend money in the future. Knowing how much people spend, where and on what day says a lot about consumers’ financial situations.