U.S. Credit Rating Downgrade: How It Affects Advertising by Laurie Sullivan @lauriesullivan, August 6, 2023 The Fitch Ratings agency last week announced that it would downgrade its long-term credit rating of the United States from AAA to AA+ with a stable outlook. It forced the stock market rally to take a breather, and drove up … Continue reading U.S. Credit Rating Downgrade: How Does It Affect Advertising?
By Clint Rainey February 01, 2023 President Biden has put exorbitant credit card late fees in his administration’s regulatory crosshairs. On Wednesday, the administration announced the proposal of a new rule to cap those fees at $8, potentially saving American families as much as $9 billion per year. It seeks to reform the practice … Continue reading Credit card late fees are set to drop by 75% if the Biden administration gets its way
By Sam Becker September 10, 2022 Tens of millions of Americans live outside of the mainstream financial system, and as many as 11%—or an estimated 50 million, as of 2022—can be classified as “credit invisible.” That means that they have no or little credit history; and as a result, could be denied access … Continue reading Citi’s head of racial equity talks about how the financial giant is fixing ‘credit invisibility’
By Clint Rainey September 07, 2022 The Federal Trade Commission (FTC) is ordering Credit Karma, the free personal-credit monitoring site, to pay $3 million to users who received “false ‘pre-approved’ credit card offers” that ended up hurting their credit scores. The agency filed a complaint alleging that from February 2018 to April 2021, Credit … Continue reading Credit Karma might owe you money over fake ‘pre-approved’ card offers: Here’s how to find out
Debit Vs. Credit Card Spending Rose During Holidays For COVID Lockdown Categories by Laurie Sullivan , Staff Writer @lauriesullivan, January 28, 2022 Despite supply-chain slowdowns and record out-of-stock warnings during the 2021 holiday season, U.S. consumer spending on credit and debit cards from the week of Thanksgiving through the week of Christmas for 2021 rose 22%, … Continue reading Debit Vs. Credit Card Spending Rose During Holidays For COVID Lockdown Categories
Devin Partida January 17, 2022 The highly competitive world of retail means businesses must find ways to create customer loyalty. Launching a credit card gives a brand the ability to pass out member points for purchases all over, offer higher perks for shopping in the establishment, and keep the business’s name at the forefront of … Continue reading Why Brands Are Launching Their Own Credit Cards (And 10 to Check Out)
Brian Wallace January 7, 2022 There are many milestones to reach as an adult, from the first legal night at the bar, to the first car purchase, to the first “real” job. One of the most important “adult” milestones to build a foundation for a financially secure future, is to achieve a great credit score, … Continue reading Fixing the Credit Score Problem [Infographic]
Aileen Ott April 8, 2021 Many small business owners apply for funding to cover operating expenses or support their growth, only to discover that they cannot qualify because of a lack of business credit or poor business credit. When you’re focused on day-to-day operations and seizing opportunities to grow, it’s easy to forget about building … Continue reading How to Build Good Credit for Your Business
Sandra Wrobel-Konior November 12, 2020 Chargebacks were created to protect customers’ rights, but that doesn’t mean that its main goal is to hurt merchants. Did you know that you, as a merchant, also have chargeback rights? Card networks, such as Visa and Mastercard, provide rules and regulations that protect you from fraudulent activity, including friendly … Continue reading Credit Card Chargebacks: Merchants’ Rights
Steven Imke August 26, 2020 When a business approaches a lending institution about debt financing, the lender conducts an evaluation of the borrower using a method known as the 5 C’s of Credit. Here is a quick explanation of each measurement. Character Is the business considered trustworthy and do they have a good record of … Continue reading The 5 “Cs” of Credit
