Thursday, September 24, 2020
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...
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...

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