Credit Card Debt Continued to Rise Through the Holiday Season
Record-high credit card balances and delinquency rates did not stop consumers from accumulating even more debt this holiday season. Persistently high interest rates could exacerbate the problem further. According to data compiled by Lending Tree, more than a third of American shoppers took on additional debt during the holiday season, with less than half of […]
How Financial Institutions Are Fighting Friendly Fraud
Last year’s TikTok-fueled spate of check fraud—allegedly taking advantage of a glitch at Chase Bank—was among the most widely publicized fraud cases of the year. The scheme involved individuals depositing fraudulent checks and withdrawing funds before the bank could verify their validity. Most of these participants may not have realized they were committing a crime. […]