Harrison Jacobs/Business Insider America’s credit-card party has roared back to full throttle, thanks in part to young borrowers. Credit cards, long the most popular form of consumer credit, declined after the financial crisis, especially among people in their 20s. That trend reversed in recent years as banks loosened up lending standards and rolled out travel […]
Millennials have helped take credit-card popularity back to full throttle. Banks are getting nervous and starting to crack down.
Harrison Jacobs/Business Insider America’s credit-card party has roared back to full throttle, thanks in part to young borrowers. Credit cards, long the most popular form of consumer credit, declined after the financial crisis, especially among people in their 20s. That trend reversed in recent years as banks loosened up lending standards and rolled out travel […]