News
The Federal Reserve will release its 2026 bank stress test results on June 24, evaluating how 32 large U. S. banks would withstand a severe recession.
7+ hour ago (518+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Credit delinquencies hit highest level since financial crisis
6+ day, 7+ hour ago (650+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Credit scores now track your checking account with FICO's Ultra FICO
1+ week, 7+ hour ago (517+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Credit card interest rates hit 22. 17% average as APR climbs in June
1+ week, 2+ day ago (544+ words) Credit card interest rates surged to an average of 22. 17% in June 2026, marking a notable climb from recent months and reflecting the persistent pressure on American consumers managing revolving debt. The 0. 23% monthly increase continues a trend that had placed rates near…...
Credit card interest rates drop to 19. 57% average, lowest level in months
1+ week, 3+ day ago (546+ words) Credit card interest rates have fallen to 19. 57%, marking the lowest average APR level in several months and continuing a downward trend that began earlier this year. This decline, tracked by Bankrate as of May 27, 2026, represents a significant drop from the…...
Credit card debt falls but private credit defaults hit record high
2+ week, 7+ hour ago (378+ words) The divergence between consumer credit card relief and private credit stress illustrates the fragmented nature of U. S. credit conditions in mid-2026. "The private credit market is entering a more mature phase of the credit cycle, with rising defaults among smaller, highly leveraged,…...
Credit defaults hit record 6% as private lending market faces stress from higher rates
2+ week, 1+ day ago (289+ words) Private equity sponsors face a compounding math problem. When portfolio companies encounter higher borrowing costs similar to consumer credit, the typical private equity playbook breaks. The model assumes 3-5 year holding periods with EBITDA growth offsetting leverage. But with rising interest…...
Credit defaults hit record 6% as rising rates squeeze private credit funds
2+ week, 2+ day ago (549+ words) Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to…...
Credit card interest rates climb to 23. 79% in May, first hike since September
2+ week, 6+ day ago (291+ words) Average credit card interest rates climbed to 23. 79% in May 2026, marking the first increase since September 2025 and signaling a reversal in borrowing costs for Americans carrying balances. This uptick arrives as total credit card debt reaches $1. 252 trillion, the highest recorded level,…...
Credit scores hit 12-year low as debt crisis deepens across US
3+ week, 2+ day ago (485+ words) Credit scores just hit a twelve-year low as American debt spirals to record levels. The average FICO score dropped to 714, marking the steepest decline since 2014. Student loan repayments and mortgage delinquencies are crushing consumer finances alongside inflation hitting 3. 8% annually. Student…...