Credit Cards

Credit Card Debt Surge

Credit Card Debt Surge

Consumer credit card debt surged in December

Mike Ray Staff Writer
Tuesday, February 11, 2020
OKLAHOMA CITY – Apparently most of those presents under the Christmas tree last December were purchased with credit cards. Data released Friday by the Federal Reserve show that total consumer borrowing increased by $22 billion in December, to $4.197 trillion. The December jump was led by a $12.
Experts warn that digital payment services don’t protect consumers.

Experts warn that digital payment services don’t protect consumers.

Fewer protections come with digital payments

News Staff
Tuesday, November 12, 2019
NEW YORK – Experts warn that digital payment services like Apple Cash and Venmo don’t protect consumers the same way credit cards do. Yet consumers are typically unaware of that. Regulations haven’t caught up, and companies are still figuring out how to deal with fraud.
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