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 […]
Warren Buffett Warns That While Many Enjoy Credit Cards, Owing $10K At 18% Could Mean Lifelong Struggles
Buffett’s Take on Credit Cards In a world where a simple click can get you a peloton and a smoothie costs $17, it’s easy to see why credit cards are so popular among Americans. But when it comes to the billionaire investor Warren Buffett, his stance is quite different. Back in 1999 at a Nebraska […]
Credit Market Forecast – Apollo Academy
Market Outlook and Trends August 16, 2025 The solid fundamentals surrounding macroeconomic factors and corporate stability, alongside ongoing strong demand from institutional investors and limited net supply, keep credit spreads and performance relatively steady. There’s an increasing downside risk, but it seems likely that the fundamental elements and technology will still attract interest as we […]
Some businesses are rejecting credit card fees to maintain low prices.
Local Diners Opt for Cash-Only Policies to Keep Prices Down Feeling frustrated by the rising prices of burgers and seafood dishes? You’re not alone. Many diners share this sentiment, and some small businesses have tapped into a cash-only system to combat the 2-3% fees charged by credit card companies. This strategy allows them to keep […]
Amex Reveals Big Hotel Credit Before Platinum Card Update Next Month
Possible American Express Card Updates on the Horizon In June, American Express shared plans to refresh both the Amex Platinum and Business Platinum cards this fall. However, details were pretty sparse, with no specific benefits or timelines mentioned, just an indication that changes would be coming in the next few months. Recently, we learned about […]
New tax credit scholarship program starts under Trump’s law
New Education Law Signed by President Trump On Independence Day, President Trump signed a significant law that introduces a new right for American students and families: the right to freedom of education. This law is part of a comprehensive piece of legislation aimed at improving educational opportunities for future generations. Quality education is often seen […]
Southwest Airlines gives two blind women a small $100 credit after neglecting them: ‘They overlooked you’
Southwest Airlines has expressed regret over an incident involving two blind women who were stranded at the gate while waiting for a flight to Orlando. Their response, however, included only a $100 compensation for the hassle they experienced. Friends Camille Tate and Shelley Brunn were set to fly back home from New Orleans on July […]
Rakuten acquires fintech Imprint, shaking up the U.S. credit card market.
Have you heard of Rakuten and the Imprint Alliance? If not, here’s a quick rundown: Imprint is an innovative company that has collaborated with Rakuten to introduce credit cards, with Rakuten being a platform that provides cashback on online purchases. What makes this interesting is that, similar to Bank of America and Wells Fargo, Imprint […]
Ripple’s Charter Bank License Faces Significant Opposition from Credit Experts Team
Ripple is currently facing significant challenges in its quest to obtain a U.S. banking charter. The Independent Community Bankers of America (ICBA) recently submitted a detailed objection to the Office of the Comptroller of the Currency (OCC) regarding Ripple’s plans for its Stablecoin operation, known as Ripple National Trust Bank (RNTB). The main concern highlighted […]