credit cards

(Newser) - The average American’s credit card debt hit an 8-year low in the second quarter of the year—even as rates hit a 9-year high . The average combined credit card debt fell to $4,951, down 13% from $5,719 over the same stretch last year, according to figures from...

(Newser) - As expected , banks are coming up with creative new ways to recoup money lost to new regulations on credit cards. The Wall Street Journal runs down a handful:

• "Professional" cards: These are being aggressively marketed to, well, professionals. The catch: They're not covered under the new consumer regulations.

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