6 credit rating agencies to pay over $49M over recordkeeping failures: SEC
Six credit rating agencies have agreed to pay a combined total of more than $49 million in civil penalties for allegedly violating record-keeping rules, the Securities and Exchange Commission said Tuesday. According to the SEC, Moody's Investors Service, S&P Global Ratings, Fitch Ratings, HR Ratings de Mexico, AM Best Rating Services and Demotec admitted to […]
Fed interest rate cuts won’t help your credit card debt
Former CEO of the Federal Reserve Bank of St. Louis James Bullard discusses interest rate cuts and the labor market on “The Craman Countdown.” Wall Street and Main Street are poised to usher in the fall with the first interest rate cut since March 2020, when the COVID-19 pandemic began, raising hopes of lower borrowing […]
German chancellor calls to restrict immigration after ISIS takes credit for lethal terror attack allegedly by Syrian refugee
The Germans are bigger limit The government has imposed strict restrictions on immigration policies after the ISIS terror group claimed responsibility for a deadly attack blamed on a Syrian refugee. Islamic State said on social media that the 26-year-old suspect was an “Islamic State soldier” and that the attack was motivated by “revenge against Muslims […]
FinTechs Now See Credit Unions as Collaborators, Not Competitors – PYMNTS.com
Download the playbook How Fintech Can Align with Credit Union Innovation Plans Many FinTechs are partnering with credit unions (CUs) and other financial institutions (FIs) to deliver the innovative products and services that today's digital-first consumers expect. In fact, nearly all financial institutions view CUs as collaborators rather than competitors. To be successful partners, FinTechs […]
Harris Casts Trump as Incumbent, Takes Credit for Her Admin’s Record
Vice President Kamala Harris has shown two sides to her campaign, claiming credit for some of the Biden-Harris administration’s accomplishments while simultaneously positioning former President Donald Trump as the incumbent president. This contradiction falsely positions Trump as responsible for three situations that have arisen under the Biden-Harris administration: a surge in immigrant crime, soaring inflation […]
‘They Ain’t Cop My Vote,’ ‘Donald, to His Credit, Said What He Gone Do for Ni**as’
Comedian Eddie Griffin praised former President Donald Trump for saying what he would do for black people if he won the election, adding that Democrats at the Democratic National Convention (DNC) did not “copy” Trump’s vote. in video In a video posted to his YouTube channel, Griffin spoke about the DNC inviting “big names” such […]
CopenPay: Europe’s first climate-based social credit system
Copenhagen has introduced a reward-based climate credit system that allows both residents and tourists to earn collective benefits by walking, cycling and picking up litter. Denmark’s CopenPay, which appears to be an incentive program conceived by Greta Thunberg, is said to be an initiative born out of a desire to reduce carbon emissions and “reward […]
Here’s why everyone’s talking about the child tax credit – CNN
CNN — The popular child tax credit has become a key issue in this year’s presidential election, with each party vying with the other on who is best for families. Democratic presidential candidate and Vice President Kamala Harris has made an increase to the child tax credit a centerpiece of her recently released four-part policy […]
What credit card users need to know if the Fed cuts rates in September – Yahoo Finance
Finally, the Federal Reserve appears poised to cut interest rates in September. A sigh of relief can be heard from credit card users across the country who are struggling with mounting debt balances. At 5.25% to 5.50%, the highest rate in more than 20 years, the cost of credit card debt continues to rise. Check […]
Harmful Credit Legislation Targets Main Street
The following content is Electronic Payments Union. Whenever you stroll down the main street of any beautiful, charming small town, the bustling family-owned storefronts remind you of just how important small businesses are to the U.S. economy. Unfortunately, Senators Dick Durbin (D-IL) and Roger Marshall (R-Kansas) are seriously disrupting the economic future of our small […]