News Powered By AI
News Powered By AI
Credit card debt reached $1.26 trillion in mid-2026, rising $21 billion in the second quarter, as delinquency rates jumped significantly and Americans increasingly rely on borrowing to cover essential expenses.
Data breach notices have already surpassed last year’s total midway through 2026, with more than 471 million victim notices reported. AI capabilities are increasingly being exploited to target vulnerabilities in company systems.
UK savers face competitive interest rates this summer, with easy-access accounts offering up to 5% and regular savings accounts reaching 8%, presenting opportunities to move cash from low-earning accounts.
The Federal Reserve maintained interest rates unchanged, but potential rate increases in September could heighten borrowing costs for consumers already facing affordability pressures on credit cards, auto loans, and mortgages.
Booking.com users are struggling to obtain refunds after booking accommodations that failed to meet expectations, with the platform claiming it is not contractually liable for issues between guests and hosts.
A Metro Bank customer lost over £14,000 in a fraud scheme involving purchases of credits for the AI chatbot Claude, after the bank’s systems failed to block transactions despite the customer confirming they were unauthorized.
