Payments News


Credit-Card Issuers Not the Bargain They Appear to Be

“Growth of revolving consumer credit balances slowed to 6.1% in 2017 from 6.8% in 2016, according to Federal Reserve data. It slowed further in the first half of this year, contracting slightly in the first quarter and rising at a 2.9% annual rate in the second. But lending recently reaccelerated to a 5.6% annual rate in August, the data show, suggesting the period of retrenchment could be ending.”