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Average loss rates on credit card accounts at three of the largest U.S. banks, JPMorgan Chase, Bank of America, and Citigroup, may have reached 2.46 percent in the three months through December. (iStock)
Business

US banks buoy reserves as credit card debt hits $1.02 trillion record

James Langford -
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The Durbin Amendment, a particularly pernicious element of the Dodd-Frank Act of 2010, capped the debit card fees that banks charge retailers. Supporters of the Durbin Amendment claimed that this measure, by saving retailers money, would lead to lower prices. (AP Photo/Elaine Thompson, file)
Op-Eds

Government’s New Year’s resolutions for helping consumers

Kyle Burgess -
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Cordray is expected to run for governor in Ohio next year. (AP Photo/Brennan Linsley, File)
Op-Eds

Good riddance to Richard Cordray

Alfredo Ortiz -
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The annual tab for both debit and credit swipe fees has swollen to $70 billion. That's big money - hundreds of dollars each year for every family in the country. That means everybody has less spending power and economic growth suffers. (AP Photo/Martin Meissner, File)
Finance and Economy

Fees for using credit cards are out of control and need reform

Greg Ferrara -
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Equifax said it became aware of the hack on July 29, 2017 and consequently headed an independent cybersecurity firm to conduct a comprehensive review to assess the breadth of the intrusion and what data was affected. (AP Photo/Mike Stewart)
News

Credit monitoring agency Equifax says up to 143 million Americans impacted by ‘cybersecurity incident’

Diana Stancy Correll -
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Total household debt rose $114 billion in the second quarter to $12.84 trillion, according to the report, eclipsing the previous all-time peak set in the first quarter. (AP Photo/Elise Amendola)
Economy

Household debt hits new record high, credit card delinquencies rising

Joseph Lawler -
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CFPB finalizes rule aiding class-action lawsuits for credit cards, other financial products
Economy

CFPB finalizes rule aiding class-action lawsuits for credit cards, other financial products

Joseph Lawler -
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A homeowner hands paperwork to a bank associate in an attempt to lower her monthly mortgage payment. U.S. household debt has finally hit a new all-time high. (AP Photo/David Goldman, File)
Economy

Household debt hits all-time high, finally exceeding housing bubble

Joseph Lawler -
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Ted Budd is among just a handful of members receiving air cover for backing repeal of the so-called
Economy

Freshman Republican Ted Budd gets bank support for fight with retailers

Joseph Lawler -
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Having only small bills purportedly moderates or even ends illegal undertakings.
Beltway Confidential

Who would want to kill a reform that puts cash in your pocket?

Kyle McKeen -
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