Friday, March 29, 2024
US credit card debt approached $870 billion as of December 31, a new historic high, Federal Reserve data show. The report also shows credit card balances of Americans increased by $26 billion from the preceding quarter. The report also said...
Housing loans are experiencing poor performance for the past weeks, but it seems that it is recovering for the first time. According to The Washington Post, recently released data shows that the average of the fixed rates in the...
The city of New York announced on March 6 that it will be launching affordable business loans to tap female entrepreneurs and help them grow their business. In partnership with Goldman Sachs, the new program called WE Credit will help...
Australia Central Bank chief and representative, Philip Lowe, is confident in that the country’s economy will remain afloat despite the current property climate in the nation. Lowe is positive that even with the fall of house prices and consumer...
The controversial Social Credit System now barred people with low scores to travel in and out of China. Approximately 23 million plane and train tickets were blocked as more than 138 individuals deemed ‘discredited’ to travel because of sudden drops...
As part of the Alaska Airlines credit card’s multitude of rewards program comes a bigger perk of 40,000 miles sign up bonus for cardholders. The airline claims that this card is the best travel cards out there, suited for...
The debt ceiling as recently put in action last Saturday. As the United States federal government hits an all-time high with its national spending, Congress must author a new bill to help raise the debt ceiling once more. As...
The US Congress has recently called for a hearing with the nation's major credit reporting agencies as lawmakers attempt to pass legislation to overhaul the industry. Top executives from Equifax, Experian, and TransUnion — the three major credit reporting bureaus...
According to the Federal Reserve, the revenues of credit card merchants grew by $104B alone for interest and other fees. Magnify Money shows that the figure has increased by almost 11 per cent from 2017’s $93.7B mark. The company even...
The hearing of the House Financial Services Committee on last Tuesday centered on “repairing the nation’s broken credit reporting system,” reports Paste Magazine. During this hearing, the three main credit facilities of Equifax, Experion, and TransUnion were present, questioning...

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