Federal judge overturns decision to exclude medical debt from credit reports
Judge Strikes Down CFPB Rule on Medical Debt A federal judge in Texas recently ruled against a Biden administration initiative aimed at erasing medical debts from credit reports, which was overseen by the Consumer Financial Protection Bureau (CFPB). Judge Shawn Jordan, a Trump appointee from the Eastern District of Texas, decided on Friday that the […]
RBA calls for a ban on surcharges for debit and credit card payments
Proposed Changes to Credit Card Fees Highlights Potential Savings Protection Banks argue that eliminating extra credit card charges could save consumers approximately $1.2 billion annually. Starting in July 2026, additional fees for debit and credit card payments via EFTPOS, MasterCard, and Visa will be removed. Additionally, the new RBA proposal suggests that businesses utilizing card […]
Judge removes Biden administration’s rule on medical debt credit reporting
A federal judge in Texas recently overturned rules enacted during the Biden administration that allowed for the removal of medical debt from credit reports, according to court filings. US District Judge Sean Jordan, appointed by Trump in 2019, stated that the previous administration’s regulations exceeded the authority of the Consumer Financial Protection Bureau (CFPB). This […]
How to obtain the Resy credit on Delta Amex cards
I admit it, I’m a bit of a fan of the Delta Skymiles® Reserve American Express Card. I’ve even written about my enthusiasm for it before. This card has been my ticket to accessing many Delta Sky Club Airport lounges and has provided me with an annual companion certificate, allowing me to bring friends or […]
Reasons High-Performing Credit Unions Retain More Members
Gen Z Credit Union Members Consider Leaving Almost four out of ten members from the 10th generation of the Z Credit Union are contemplating a shift to traditional banks next year. This significant percentage poses a major challenge for credit unions eager to maintain their connection with younger members. Yet, the trend goes beyond just […]
Debit or credit: Which card provides more advantages for daily spending?
Choosing Between Debit and Credit Cards Many of us frequently grapple with the choice between using a debit card or a credit card. This decision often hinges on whether you need quick access to funds from your bank account. For Lee Gorman, credit cards hold a distinct advantage for a couple of reasons. “Credit cards […]
New federal tax credit initiative to assist millions in obtaining school choice
Trump’s New Education Bill: A Game Changer? President Trump recently signed a significant $3.3 trillion bill aimed at reshaping educational opportunities in the U.S. This legislation, which some are calling the “largest law in school selection history,” introduces a federal tax credit scholarship program. It’s a bold move that could potentially alter how families choose […]
Warning About Child Tax Credit: Millions of Children May Not Qualify
This week, researchers suggested that nearly one child benefiting from the Child Tax Credit (CTC) approved by Congress might be excluded. Why is it important? The CTC is a federal tax benefit designed to assist families with the expenses of raising kids. Starting in 2024, families can receive up to $2,000 for each qualifying child […]
Video circulates alleging that fraudsters are using microchip stickers to steal credit card details.
Concerns About Credit Card Safety at Gas Pumps Videos making the rounds on social media have raised alarms regarding the safety of credit card information at gas pumps, with claims that scammers are using microchips embedded in stickers to siphon off personal details. The local news team at News 8 is digging into these assertions. […]
Your Travel Credit Card Will Soon Become Much Pricier
Judgement Day for Travel Credit Card Holders On June 17th, Chase, the largest credit card issuer in the U.S., increased the annual fee for its Sapphire Reserve Card from $550 to $795, marking a 45% hike. Around the same time, American Express hinted at similar changes for its Platinum cards, indicating an elevation in benefits […]