KEY POINTS As COVID-19 wreaks havoc on most Americans’ financial standing, many anticipate trouble with credit card debt. Here are a few options for relief, at least temporarily. WATCH NOW VIDEO01:01 Stock up on cash Even before the spread of … Continue reading →
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On Sunday morning, Goldman Sachs, the financial partner on the new Apple credit card, said it would allow all cardholders who asked for help to skip their March credit card bill. The interest would disappear, never to be charged. And … Continue reading →
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The nation’s banks, long at the center of worries about European finance, look more likely to get a rescue. In Milan, Galleria Vittorio Emanuele, a shopping mall, was empty amid the coronavirus outbreak. Credit…Alessandro Grassani for The New York Times By … Continue reading →
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AARON LAVINSKY • [email protected] TEXT SIZE EMAIL PRINT MORE Banks and credit unions are closing branches or lobbies, relying on drive-through, ATMs and mobile banking as they hope to balance accessibility with consumer convenience. Bremer Bank announced it will be … Continue reading →
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Tuesday, March 17, 2020 Among the various consumer data privacy laws are laws precluding companies from collecting and selling consumer credit card information. When a company is accused of selling its customers’ credit card information to third-parties in a class … Continue reading →
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Credit unions from Maryland to California are stepping up their operational restrictions that may help stem the spread of coronavirus and protect members and employees. Some recent examples include the $427 million Signal Financial Federal Credit Union in Kensington, Md., … Continue reading →
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The central bank will buy short-term promissory notes, known as commercial paper, a move it made during the 2008 financial crisis. Jerome H. Powell, the chair of the Federal Reserve, which has taken several steps to keep the economy and … Continue reading →
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A lot of people now boast credit scores above 700. Here’s why that matters. A credit score above 700 is generally considered a good score. Many Americans have hit this milestone and, by doing so, opened the door to competitive … Continue reading →
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On March 4, the U.S. Court of Appeals for the Fifth Circuit affirmed summary judgment in favor of a debt collector (defendant) accused of violating the FDCPA and the terms of a CFPB consent order. According to the opinion, the … Continue reading →
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On March 9, the FTC filed a complaint against a Colorado-based credit repair company and its owner for allegedly making false representations to consumers regarding their ability to improve credit scores and increase access to mortgages, personal loans, and other … Continue reading →
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