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0.000176056338028134 6.60211267605033E-05 0.000440140845070398 0.000330105633802767 0.000242077464788637 0.00132042253521119 0.00134242957746469 0.00239876760563375
Stock impact report

This Week In Credit Card News: Tough Economy Causing Banks To Cut Back On Credit [Forbes]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Forbes
Banks have gotten pickier about whom they lend to over the past few years, making it harder to get a credit card. Lenders are growing more worried they won't be paid back as high interest rates from the Federal Reserve's efforts to curb inflation hit household budgets and bite into the job market. [ ] Lenders are growing worried they won't be paid back due to high interest rates CFPB Official Urges Consumers to Consider Small Credit Card Issuers Consumers should proceed with caution when selecting their next credit card, according to a recent blog post from the CFPB. In the post, Julie Margetta Morgan, the CFPB's associate director of research, monitoring and regulations, reminds readers that the top 10 credit card companies alone manage 83% of outstanding credit card debt and that many of the biggest card issuers offer cards that come with the worst terms, the highest interest rates and the steepest late fees. “By comparison,” she wrote, “smaller credit card companies tended to Show less Read more
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