A commissioned research conducted by Money.com.au revealed that 19 percent of Australians incur massive credit card debt during the holiday. The study surveyed around 732 credit cardholders in Australia. People under 30 said they are most likely to rack up...
Australian-based consumer advocate organization CHOICE asked banks to lower interest rates on frequent flyer credit cards in light of the flu pandemic. CHOICE slammed a particular card issuer Virgin Velocity, citing a significant restriction for points redemption. According to CHOICE...
Supermarket chain Giant Food warned customers on Tuesday of a possible credit data breach following the discovery of an illegal card-reading device in one of its stores in D.C. In a letter sent to customers, the grocery chain noted that...
More than a month after the UK imposed lockdown due to coronavirus pandemic, nearly two million Britons have been reported to have submitted benefits claims for Universal Credit, Therese Coffey, Sectary of Work and Pension revealed Monday. In the latest...
With millions of credit cardholders in the United States skipping the payment of their bills amid flu pandemic, banks are preparing for economic pain. Borrowers stopped paying bills, which put banks in a difficult situation. Many large card issuers...
The central bank of Indonesia, Bank Indonesia, announced a cut in the maximum interest rate on credit cards by 25 basis points or 2 percent, starting May 1, 2020. Bank Indonesia Governor Perry Warjiyo said the cut in credit...
The Canadian government is asking banks to lower interest rates on credit cards to ease the financial struggle of Canadians due to the flu pandemic. Prime Minister Justin Trudeau said in his speech to Canadians last Thursday that the...
The Department for Work and Pensions, UK’s largest government department, is set to hire 1,500 new staff in an effort to meet the unprecedented demand for Universal Credit, following a surge in applications amid the COVID-19 pandemic. According to the...
As more and more Americans are hit by the growing pandemic, a number of credit card issuers in the country have taken steps to provide cardholders with debt and credit relief efforts. These actions reportedly come as numerous Americans...
The Federal Reserve announced on Sunday, March 15, an emergency move to ease the economy, lowering the benchmark interest rate to near zero. The central bank will apply 0.25 percent interest for credit cards, checking, and savings accounts. From...

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