Inside these posts: Credit card debt

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Discover late payments, defaults fall in March

Discover Card customers improved their payment habits in March, as late payments and defaults both fell to their lowest rate in more than two years. Get the full story »

Fed to face Congress on debit fee crackdown

The Federal Reserve may give U.S. banks insight into whether it will scale back its proposed crackdown on debit card processing fees, when a top official testifies before a congressional panel next week. Get the full story »

Poll: Consumers feel less angst from debt

Debt isn’t stressing people as much as it had been, but consumers remain gun-shy about embarking on a big holiday spending spree.

An Associated Press-GfK Poll also suggests Americans are more disciplined about using their credit cards. Deep into a stubbornly harsh economic downturn, more people than last year say they pay off their balances right away, and fewer say they make credit card purchases if they lack enough money at the time. Get the full story »

Consumer credit declines again in August

U.S. consumer credit outstanding declined for the seventh straight month in August as credit card debt continued to fall.

The Federal Reserve said Thursday that total outstanding credit, which covers everything from car loans to credit cards, fell by $3.34 billion after dropping $4.09 billion in July. Get the full story »