In the U.S., at least, debt is no four-letter word. The $1 trillion level has been attained for credit card debt within the country, with that level not seen since early 2009, when the shockwaves of the financial crisis first were felt. That level of...
Elevate Credit, the lending startup that last year delayed its initial public offering, went public late last week, beginning trading on the New York Stock Exchange. According to a report in TechCrunch, the IPO priced at $6.50 a share and finished its first day of...
The latest jobs report Friday showed some disappointing performance, as the Labor Department said that firms added 98,000 positions in March. That’s a far cry lower than the 180,000 that economists had estimated. At the same time, the data show that the unemployment rate dipped...
In its latest John Doe summons, the U.S. Internal Revenue Service (IRS) is requiring American Express to send account information of Dutch residents with credit or debit cards linked to bank accounts outside the Netherlands to U.S. tax authorities. The IRS had requested the information...
The Financial Conduct Authority (FCA) announced Monday (April 3) it is proposing new rules to help customers who have ongoing credit card debt. In a press release, the FCA said the new rules comes after a FCA study of U.K. credit card debt found big...
Want to live among the wealthy in the United States? To paraphrase Horace Greeley, go West, young man, or woman, or older man, or older woman. Bloomberg notes that within the smaller towns of the country, the three wealthiest spots are uniformly located in the westernmost parts...
If it’s spring, it must be home-buying time. Reuters reported that the level of contracts to buy U.S. homes defined as previously owned were at a 10-month high in February, which indicates, as the newswire notes, “robust demand” leading into what is traditionally a busy time...
Employees at Citizens Bank learned the hard way that lying gets nothing accomplished and bosses will likely always find out. This week, a few branch workers spoke with newspapers about their false information they provided to Citizen Bank about the company’s “Citizens Checkup” program. This...
Experian is pairing up with tech firm Finicity to launch a new product that is intended to make consumer lending in the U.S. a speedier process. Finicity’s technology aggregates data from banks and financial institutions — thousands of them — and with the new tie-in...
