American Express Company (AXP) is a financial services giant and a component of the Dow Jones Industrial Average. The company offers credit cards, charge cards, and travelers’ cheques in the United States and around the world. American Express reported an … Continue reading →
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Venmo is moving from enabling payments with emojis on a phone to a more traditional method. The popular app, owned by PayPal, will offer a Venmo-branded credit card in 2020, the company announced Thursday. Synchrony Financial will handle the banking … Continue reading →
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The Consumer Financial Protection Bureau (CFPB) announced Friday that it will establish a specialized taskforce to, “examine ways to harmonize and modernize federal consumer financial laws,” according to a press release. The new body, called the “Taskforce on Federal Consumer … Continue reading →
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The city of Starkville may have a new method to collect debts following Tuesday’s Board of Aldermen meeting. Mayor Lynn Spruill introduced a resolution at the Friday work session that upon approval would allow Starkville to utilize a law passed … Continue reading →
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A recent report shows that more than one-fifth of Americans don’t have a FICO® credit score. A recent report by the Consumer Financial Protection Bureau (CFPB) revealed that 11% of Americans have a “thin or stale” score file, and therefore … Continue reading →
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(Bloomberg) — Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Pocket Cast or iTunes. Borrowers struggle to whittle down their school loan balances even when they make regular payments, according to the New York Federal … Continue reading →
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Enlarge this image Carrie Barrett, a former defendant in a suit brought by Methodist Hospital, testifies during service at Apostolic Fellowship Church on Sept. 15, 2019 in Memphis, Tenn. Her debt to the hospital was cleared following a MLK50 and … Continue reading →
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The U.S. Small Business Administration (SBA) Office of Advocacy submitted comments on the Consumer Financial Protection Bureau’s proposed rule for the Fair Debt Collection Practices Act (Regulation F) in line with ACA International’s suggestions on consumer communications and disclosure notices … Continue reading →
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Chicago Public Library is now the largest public library system in the nation to stop penalizing residents for overdue library books. Chicago will no longer fine residents for returning library books past due. Beginning Oct. 1, city libraries will stop … Continue reading →
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A bill signed by Pennsylvania Gov. Tom Wolf allows consumers to permanently register their phone number on the Do Not Call (DNC) List. HB-318, the Telemarketer Registration Act, applies to telephone solicitors only, but debt collectors should take note of the precedent … Continue reading →
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