tldrdaily.news logo
Tag

Credit Card Companies

All articles tagged with #credit card companies

technology5 months ago

GOG Offers Free Adult Games to Protest Censorship

GOG.com is offering free access to adult-themed games in protest against recent censorship and pressure from credit card companies like Mastercard, which has led to the removal of certain controversial titles from digital marketplaces. The move highlights concerns over the influence of financial institutions on artistic and gaming content, emphasizing the importance of digital freedom and access to legally available games. The offer is available until August 3.

via AV Club|
#censorship#credit-card-companies#digital-rights
finance2 years ago

Rising Credit Card Debt and Tightened Standards: A Warning for Consumers

Credit card data from last month reveals a decline in credit quality, with the average delinquency rate slightly below pre-pandemic levels and the average charge-off rate surpassing 2019 levels. The total credit card loans at eight lenders have increased by 12% compared to last year, but some lenders, including JPMorgan Chase, Citigroup, Bank of America, and Bread, have seen balances decrease. Analysts suggest that higher net charge-offs may be linked to student loan repayment resumptions and ongoing inflationary pressures. The rise in credit card delinquency rates is widespread, particularly among millennials and those with auto or student loans. As consumers face rising prices and reduced income, they are increasingly relying on credit cards to manage their finances.

via PYMNTS.com|
#charge-off-rate#credit-card-companies#credit-quality
business2 years ago

Card Companies Benefit from Reduced Spending.

Credit-card companies' stocks are outperforming banks in 2023, despite some signs of slowing growth in consumer spending. Capital One Financial, American Express, and Citigroup have all noted that while growth in some categories is slowing, U.S. consumer travel and entertainment spending remained strong through the first quarter. Investors in credit-card companies may benefit from consumers spending less due to expectations among lenders and the Federal Reserve.

via The Wall Street Journal|
#business#consumer-spending#credit-card-companies