Credit Card Debt Continues to Mount for U.S. Consumers
Credit card debt among U.S. consumers reached $1.21 trillion, the highest level on record since the Federal Reserve began tracking the data over 25 years ago. According to its Q4 2024 findings, credit card balances increased by $45 billion in Q4, reflecting a more than 7% year-over-year increase. At the same time, credit card delinquency […]
GOP Moves to Repeal Cap on Overdraft Fees
As the Trump administration continues to dismantle the Consumer Financial Protection Bureau, Republican lawmakers have set their sights on reversing a major CFPB rule. Two key legislators have introduced a resolution to repeal the $5 cap on bank overdraft fees, which was enacted last December and set to take effect this October. The regulation would […]
FinOps: Optimizing the Relationships Between Banks and the Cloud
Years ago, Capital One made a momentous announcement: it had migrated all its on-premises data centers to the cloud via Amazon Web Services (AWS). Since then, Capital One has been deploying and scaling applications in the cloud while introducing a range of technological solutions—many powered by artificial intelligence—across the business. This practice is known as […]