A new survey by the Federal Deposit Insurance Corporation titled How America Banks: Household Use of Banking and Financial Services found a record 124 million U.S. households, or 95% of Americans, had a bank or credit union account in 2019. Meanwhile, about 7.1 million American households, or 5.4%, were unbanked last year, the lowest rate on record since the agency's biennial report began in 2009. The survey, which collected responses from nearly 33,000 households in June 2019, found that...

JPMorgan Chase will launch its new Freedom Flex card on Sept. 15, its first Mastercard-branded card in five years with new reward offers for its Freedom Unlimited Card. The no-fee credit cards will allow customers to earn 5% on travel purchased through the Chase Ultimate Rewards program, 3% on dining purchases, including take-out or eligible delivery services, 3% on drug store purchases and 1% unlimited cash back on other purchases. “Flex and Unlimited are the next evolution of the Chase...

Capital One is cutting borrowing limits on credit cards as stimulus talks remain at a stalemate with additional unemployment aid for Americans hanging in the balance. "Capital One periodically reviews accounts based on a variety of factors and may make changes to existing credit lines," a spokesperson told FOX Business. "In this case, our decision was based on customers’ account activity over the last year. All credit limits were kept significantly above the highest balance of the past year...