Affluent foreigners can apply for Trump’s $5 million ‘gold card’ visa in just a week, according to Lutnick.
New Visa Program To Allow Wealthy Foreigners Permanent Residency Foreign nationals with $5 million can soon apply for a new “Gold Card” visa, which grants them the right to live and work indefinitely in the United States, according to Commerce Secretary Howard Lutnick. During an event in Washington, DC, Lutnick mentioned, “I think we’ll launch […]
Credit Card Defaults, Balances, Debt Ratios, and Credit Limits in Early 2025: Our Reckless Spendings with Credit Cards
When the free money runs out, the hangover is resolved. Insights from Wolf Richter on Wolf Street. The delinquency rate for credit cards issued by commercial banks, specifically those that are 30 days or more overdue, dropped to 3.05%. This marks the third consecutive quarter of decline, a slight improvement from the first quarter of […]
How a significant shift at the largest credit card company in the US might complicate using your card overseas
Capital One Completes Acquisition of Discover, Raises Concerns for Travelers Capital One has received the necessary regulatory approval for its acquisition of Discover, raising some eyebrows among experts regarding potential challenges for international travelers. This $35.3 billion deal will create the largest card issuer in the United States. Initially, the U.S. Department of Justice had […]
Oaktree Capital puts $250 million into Coign credit card
Oaktree Capital Invests $250 Million in Coign Oaktree Capital, a significant player in the investment world, has entered into a $250 million agreement with Coign, a conservative credit card company. This move is noteworthy as it represents one of the largest investments into what is often referred to as the parallel economy. The parallel economy […]
Android scam allows hackers to access your credit card from a distance
Scammers constantly invent new methods. They’ve been getting more sophisticated, tapping into the built-in features of our phones, like Tap-to-Pay technology known as NFC. It sounds innocuous, but the latest scams involve using this technology in unexpected ways. A specific malware called Supercard is targeting Android users. It’s not just a matter of siphoning off […]
Rugby star from the US could be suspended after receiving a red card for a head stamp incident.
American rugby player Aleph Kelter is facing a judicial hearing and a possible lengthy suspension following an incident where she stamped on an opponent’s head during a women’s rugby match on Saturday. The Team USA played against Australia, winning the game 27-19. However, controversy arose during the match, particularly in the 79th minute when a […]
Ernst and Comer call for changes to federal charge card rules after spending on casinos and bars by the DOD
Concerns Over Federal Credit Card Use Raised by Lawmakers House Observation Committee Chairman James Komer, R-KY, and Senator Joni Ernst, R-Iowa, are pressing for an investigation into the federal government’s use of credit cards after uncovering thousands of questionable charges. These expenditures, which have used taxpayer money, went to casinos, bars, and nightclubs. The call […]
Woman discusses her plan for eliminating $20K in credit card debt.
Tracy Schultz’s Journey to Overcome Credit Card Debt A few years back, Tracy Schultz found herself weighed down by credit card debt. Residents in Massachusetts have noted her efforts to stabilize her finances, covering rent while also managing her spending. “It all started with trying to make up for increasing rent, and grocery costs were […]
Changes in debt: Credit card and auto loan activity slows as student loans rise
At the start of the year, many Americans slowed down on credit card and auto debt, yet they began missing student loan payments, which are now showing up on credit reports. New data highlights a rising financial concern. Household debt grew from $167 billion to $18.2 trillion in the first quarter, according to a recent […]
Musician with a green card removed from flight by CBP for supposed violations of a restraining order
The drummer of the Texas band Buffalo Lord, who is a green cardholder, was taken off a flight by federal immigration authorities on Monday, just before the band was set to leave for a European tour. Members of the heavy Americana band were held at Dallas/Fort Worth International Airport by U.S. Customs and Border Protection […]