In DOGE Era, Pentagon Holds All the (Credit) Cards
“Tooth and tail,” that's the phrase from the new Secretary of Defense, Pete Hegses. It is used to explain how money was spent (and wasted) by pentagons. that Capturing the difference between spending money to support fighter jets Spend it on the expected mushroom support operations To maintain military preparation. Department of Defense (DOD) Inspector […]
The Reason Costco Only Accepts Visa Credit Cards – Mentalfloss
Costco customers don't have many complaints. $65 a year commissionthey can save a lot of money on a variety of large quantities of food and household items. (And even caskets if they are very leaning.) But there is one persistent frustration that some visitors have. If you are paying via a credit card, Costco will […]
Some Chase business cards now reporting on personal credit reports (Possibly unintended) – Frequent Miler
Business credit cards from most banks do not report on personal credit reports. When applying for a business card, difficult investigations may still appear on your personal credit report, but they have not been reported to consumer credit institutions (with a few exceptions) by most major banks, unless your account […]
State Street, Apollo’s Private Credit ETF Raises SEC Concern – Yahoo Finance
(Bloomberg) – New for subscribers: Private, private, private markets and sign up to become private about forces that move capital away from the public's eyes. Most of them read from Bloomberg The Securities and Exchange Commission has raised concerns about funds trading on a much-anticipated private credit exchange from Wall Street Giants State Street Corporation […]
Trump orders 30-day freeze on use of US government credit cards
President Trump on Wednesday directed federal agencies to implement a 30-day freeze on the use of government-issued credit cards as part of their latest executive order. The order implements the Ministry of Government Efficiency's “cost efficiency initiative.” It says, “It aims to ensure that government spending is transparent and that government officials are responsible for […]
Durbin to reintroduce credit card competition bill – Payments Dive
Senate minority Dick Durbin is planning to reintroduce the Credit Card Competition Act “quickly” according to a spokesman for his office. It's not clear whether Democrats will attack the alliance again in law with Republican Sen. Roger Marshall, but that's probably what you'd think, given their strong support for the previous bill. . A Kansas […]
Are your online habits safer than most? 84% of credit cardholders engage in at least 1 risky behavior, survey finds – CNBC
If you own a credit card, there is a good chance that you are a victim of a scam or that you may be there immediately. Approximately 63% of US cardholders say they were victims, with over half saying they have experienced multiple frauds. Recent surveys from security.org. Overall, unauthorized purchases exceed $6.2 billion each […]
Feds Spent $40 Billion on 4.6 Million Credit Cards in FY2024
The Department of Government Efficiency (DOGE) is working to “simplify” the federal government's credit card program, which spent nearly $40 billion in 2024. ” The US government currently has around 4.6 million “active credit cards/accounts” that spent $39.7 billion in transactions over $90 million in last fiscal year, Doge reported Tuesday. “Doge works with agents […]
Americans' average credit card balance hits $6,580, but there are signs consumers are managing their debt relatively well – CNBC
Americans are increasingly gaining credit card debt. The Federal Reserve Bank of New York has recently reported that consumers owed a record $1.21 trillion on credit cards. The average consumer balance was $6,580, up 3.5% from the previous year to $6,580, according to another quarterly credit industry. Insight Report From Trans Union. Despite the rise, […]
$6K child tax credit eyed by bipartisan House lawmakers
A bipartisan group of lawmakers has introduced a bill that will give up to $6,000 per child with tax credits. This is on the right, on the right side, R-Pa. , Ryan Mackenzie, Ryan Mackenzie, Ryan Mackenzie, Sharice Davids, D-Kan. , part of a broader law called the Affordable Childcare Act, led by Suzanne Bonamici. […]