The Single Risky Habit That Keeps You in Credit Card Debt, According to Liz Claman
Understanding Debt and Spending Habits It sneaks up on you, doesn’t it? You’re at the grocery store, and that organic meat suddenly feels like it’s out of reach financially. But you think, “Well, why not treat yourself?” You toss it in your cart. You deserve it, right? Later, scrolling online, you see a jacket that […]
Why FinTechs View Credit Unions as Their Next Major Expansion Opportunity
The landscape of financial services is evolving, with credit unions playing a pivotal role. As fintech companies move away from traditional banks, they are forming dynamic partnerships with smaller, more flexible institutions. What’s behind this strategic shift? PYMNTS Intelligence and Verella take a closer look at the technologies influencing these changes, motivations, and the next […]
IRS extends deadline for electric car buyers to qualify for the $7,500 tax credit
IRS Extends Electric Vehicle Tax Credit Terms The IRS has revised the phase-out rules for federal tax credits related to electric vehicles, allowing buyers a bit more time to take advantage of the $7,500 tax credit. Previously, there was a September 30th cutoff for the tax credit on new electric vehicles, as well as a […]
Credit Unions Hold Business Leaders Responsible for Data
Creating a Data-Driven Culture in Organizations When we talk about data usage, many institutions rely on dashboards and reports. However, not all of them can demonstrate how these insights genuinely influence decision-making. The key factor here is the culture within the organization. A strong data culture becomes evident when leaders prioritize data in discussions about […]
The electric vehicle tax credit is about to finish soon, but car buyers have a small chance to benefit.
Changes in EV Tax Credit Regulations The spotlight is on the federal tax credit for electric vehicles (EVs), which offers up to $7,500. A recent significant bill put a halt to some credits that expired on September 30th, but the IRS has made some clarifications this week that could help buyers. Under the new guidance, […]
How I cope with the confusion of credit card redemption choices
If you’ve ever found it hard to make a decision because you were overthinking it, you’re definitely not alone. Personally, I often feel that way when I’m staring at a pile of credit card rewards, trying to figure out the best way to use them. A little while back, I had a balance of 150,000 […]
New AI tool streamlines credit report disputes for Kikoff users across the country
Kikoff Launches AI Credit Dispute Tool Cynthia Chen, the CEO and co-founder of Kikoff, recently shared insights during a conversation with Fox Business about the potential of new AI tools in enhancing personal finance, particularly in relation to credit scores. Since its introduction, Kikoff’s AI credit dispute tool has been utilized by consumers over 70,000 […]
A new leader in credit cards appears as the competition between Amex and Chase intensifies.
Credit Card Rankings Shift as Competition Intensifies American Express and Chase have long vied for the title of America’s most favored credit card. However, recent updates indicate that new contenders are altering the landscape. Bank of America has made a notable leap from fifth to second place, while Capital One secures the third position in […]
Idaho provides additional details on requirements for the Parental Choice Tax Credit
Idaho has introduced a new law allowing families to receive up to $5,000 per student for qualified education expenses, which can include private school tuition. In Boise, Idaho has released additional details on how families can qualify for the newly passed school choice tax credit ahead of the upcoming academic year. Known as the “Idaho […]
Credit Card Defaults, Balances, Debt, Credit Limits, and Collections in the Second Quarter of 2025
Our drunken sailors and their credit cards. Wolf Richter on Wolf Street. Recently, credit card delinquency rates—referred to by some as “drunken sailors”—have shown some notable improvements. The delinquency rate for credit cards, defined as payments overdue by 30 days or more, decreased to 2.87% at the end of the second quarter, as reported by […]