Buy now, pay later products to be treated like credit cards, CFPB says
The CFPB said BNPL lenders will be treated similarly to credit cards. (iStock) The Consumer Financial Protection Bureau (CFPB) will apply credit card rules to buy now, pay later (BNPL) products. As a result, according to the CFPB, BNPL lenders must comply with the federal Truth in Lending Act (TILA) and Regulation Z rules that […]
Consumers want credit products despite high interest rates: TransUnion
Consumers’ access to credit is expanding as their appetite for debt soars, according to a recent TransUnion report. (iStock) A recent report from TransUnion found that the high interest rate environment has done little to reduce demand for credit products. According to the report, there will be more than 543 million bank cards in consumers’ […]
Kim Zolciak faces 'Target credit card balance' order by court – The News International
Kim Zolciak faces Target lawsuit Kim Zolciak has been ordered to pay off a small balance that had built up on her account and officially settle her Target credit card bill, according to an order from a judge who ruled in favor of the retail mogul’s lender. according to TMZZolciak, 46, has been ordered by […]
Clyburn on Trump's attempt to take credit for insulin pricing: 'How can you be so bold with your lies?'
Rep. James Clyburn (R-Colorado) criticized former President Trump for trying to take credit for lower insulin prices over the weekend. Clyburn was responding to the former president’s Truth Social post on NewsNation’s “The Hill Sunday,” slamming the president for trying to take credit for lowering insulin prices in a post on the social platform on […]
Consumer Alert: CEO says a public bank would allow her credit union to help more low-income borrowers – News10NBC
Consumer Alert: Credit union CEO says public banks will help more low-income borrowers It’s the final stretch. State lawmakers were probably drinking gallons of caffeine Friday night, trying to get bills passed before the session ends. One of the bills would create a public bank in Rochester, an idea I told you about on Tuesday, […]
Financial dangers of store credit cards can be 'severe,' expert warns – Fox Business
Financial expert talks about ‘profound’ impact of retail credit cards: ‘There are so many strings attached’ Nearly every store offers rewards credit cards for customers, but not all of the offers translate into big savings — and one personal finance expert warns that these offers are often a “catch-up” for long-term problems. “For consumers, it’s […]
HSBC Cashback Credit Card: Review, Eligibility, How To Apply? – Forbes
For the average spender, the HSBC Cashback Credit Card can save you money on virtually all your basic expenses. This credit card can help consumers save a substantial amount of money by offering unlimited cashback of 1.5% on other purchases and 10% cashback up to Rs 1,000 per month on food-related expenses like groceries, eating […]
Biden extends time frame to get credit toward student loan forgiveness
Borrowers have until the end of June to consolidate their debts. (iStock) The Biden administration is trying to fix administrative issues that prevented student loan borrowers from qualifying for forgiveness. Announcement of extension of integration deadline For borrowers taking out a specific loan. Student loan borrowers have been dealing with errors that have resulted in […]
EU’s new ESG rule affects American companies, social credit
The European Union has just given final approval to new ESG requirements that will affect companies around the world. While the rules directly target companies that sell $500 million worth of products, any company that does business with those companies, no matter how small, must comply with the new rules as well. Affected companies will […]
Nigerian scammer claims credit for Graceland foreclosure fiasco: Report
A person alleging to be a Nigerian scammer claimed credit on Tuesday for the Graceland foreclosure fiasco that has thrown the future of Elvis Presley’s iconic home into question. The battle around foreclosing the Memphis, Tennessee, estate began after a public notice was sent out earlier this month accusing the controlling interest of Graceland of […]