In a shift from the previous U.S. economic crisis, credit card issuers last year mostly avoided clamping down on their existing customers’ borrowing limits, according to a new report from the Consumer Financial Protection Bureau. The report, one of the … Continue reading →
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It’s easy to quantify the pain that high levels of debt can cause to one’s finances by either looking at the opportunity cost or the squeeze on the ability to pay day-to-day expenses. But causing pain to the actual body? … Continue reading →
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Navigant Credit Union announces two promotions on award-winning residential mortgage team SMITHFIELD, RI (September 30, 2021) — Navigant Credit Union has announced the promotions of two leaders on its growing Residential Mortgage team, which was recently rated as Rhode Island’s … Continue reading →
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The Department of Justice announced today that American Honda Finance Corporation (AHFC) has agreed to settle a federal lawsuit alleging that it violated the Servicemembers Civil Relief Act (SCRA) by failing to refund a type of up-front lease payment to … Continue reading →
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Banks have resisted committing to the most explicit road map for cutting greenhouse gas emissions to net zero by 2050, just weeks before the COP26 climate talks in Glasgow. Negotiators for a Mark Carney-led initiative to encourage finance groups to … Continue reading →
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Photo by Joshua Woroniecki on Unsplash After the United States Senate recently voted to temporarily raise the nation’s debt limit, a sigh of relief was likely emitted by many. However, it’s now right back to the Federal Reserve as one … Continue reading →
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A Consumer Financial Protection Bureau (CFPB) report maintains credit card debt fell to $811 billion by the second quarter of 2020, from a peak of $926 billion in 2019. © Shutterstock “While public and private programs helped consumers bring down … Continue reading →
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Student loan debt affected people’s ability to pay their bills and meet their basic needs during the Great Recession – and the burden of that debt was disproportionately placed on Black and Latino families, a study by Elizabeth Martin, a … Continue reading →
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Classified in: Business Subject: AWD TYSONS, Va., Sept. 30, 2021 /PRNewswire/ — PenFed Credit Union, the nation’s second-largest federal credit union, today announced it was selected for a 2021 Financial Content Marketing Award by the Gramercy Institute for a seven-part downloadable … Continue reading →
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By TODD STACY, Alabama Daily News A new bill by U.S. Sen. Tommy Tuberville would prohibit the Internal Revenue Service from requiring banks and credit unions to report customers’ transactions or account balances beyond current statutory requirements. Currently, the Bank … Continue reading →
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