How Much Risk Are Banks Taking With Credit Card Lending?

Savers aren’t the only ones being hurt by the Federal Reserve’s suppression of interest rates.  The Fed’s zero interest rate policy has been a factor in the decline of banks’ net interest margins to a multi-decades low. According to the latest FDIC Quarterly Banking Profile the net interest for all banks for the quarter ending […]

What Is the Average Rate on a Bank Credit Card?

Credit cards have become an absolute necessity for most people despite the high rates charged on revolving loan balances.  Whether traveling anywhere in the world or just buying a cup of coffee at Starbucks, a credit card allows the purchaser a safe, convenient, and fast method of paying for a purchase. The use of both […]