The Department for Work and Pensions (DWP) announced a plan to reform the Universal Credit to recover £6 billion tax credit debt. The British government department forwarded the reports on the design and implementation that affect the wellbeing of the...
The New York Senate passed a bill on Wednesday, July 22, allowing consumers to enjoy a 90-day grace period to redeem credit card rewards. Known as the S7104A, the act makes it easier for cardholders to close or modify existing...
Virtual payment card startup company, Privacy.com, announced Wednesday, July 15, 2020, its successful Series A investment round. The firm was able to raise a total of $10.2 million. The startup company is primarily involved in providing individuals with uniquely-generated virtual...
Chicago Atlantic Group affiliate Green Ivy Capital has revealed that it will be serving as the sole lead arranger and administrator for a credit facility for Verano Holdings $30 million, said PR Newswire. Other institutional lenders will participate in...
US-based Elevate Credit, a provider of online credit solutions to non-prime consumers, announced Monday that its wholly-owned UK unit, Elevate Credit International Limited (ECIL), is set to withdraw from the UK market effective June 29, 2020. According to the company,...
The Financial Conduct Authority (FCA), the United Kingdom’s financial watchdog, has announced an extended credit freeze for another three months following the rise of consumers struggling to pay their credit loans. The new deadline for credit and loan payments...
Credit card issuer Discover reveals that despite available defer payment options, credit card customers are paying their balances. According to the company, defer payments massively dropped by 90 percent, from April until early June, indicating ease in payment distress....
On Monday, June 1, Apple revealed it has teamed up with pharmacy store chain Walgreens to offer a $50 sign-up bonus to new Apple Card holders this June. Under the new promo, new cardholders can claim $50 after they...
Innovative peer-to-peer lender Elfin Market is set to shake up the sector with plans to launch the industry’s first physical P2P credit card this year, Peer2Peer Finance News reported. The card, dubbed as the Elfin Card, will be linked to...
The Indian government is looking into a request to allow companies to receive input tax credits for pandemic-related items such as personal protective equipment (PPE), sanitizers, and other similar goods, said The Economic Times. The pertinent government body is...

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