On November 28, a Johnstown man is set to face trial after being accused of stealing money, credit cards, electronic devices, and various other items from 37 vehicles across four municipalities. Tyrone Corley, 35, residing in the 600 block of Forest Avenue, was ordered to stand trial following a preliminary hearing on November 22 before …
Lawmakers and regulators are pushing for measures to address the rising debt levels and high interest rates on credit cards. In the second quarter of 2023, total credit card debt surpassed $1 trillion for the first time ever. The average interest rate for cardholders reached over 21% in August, the highest on record. Some cards …
Using a credit card comes with the added benefit of the protections provided by Section 75 of the Consumer Credit Act 1974. This Act covers transactions ranging from £100 to £30,000 and allows you to make a claim if there is a breach of contract or misrepresentation by the supplier of goods or services. So, …
Artistgndphotography | E+ | Getty Images The Federal Reserve is expected to forgo an increase in interest rates during its upcoming meeting, according to industry experts. However, this may not bring any relief to consumers. Since last year, the central bank has raised interest rates 11 times, marking the most rapid pace of tightening since …
Americans are facing increasing difficulties in managing their credit card and auto loan payments, reaching levels unseen since the financial crisis. This situation is expected to worsen as interest rates rise and the moratorium on student loans expires. The impact of high inflation is particularly affecting low- and middle-income earners who are struggling with rising …
Stores and restaurants are appealing to Congress for relief from exorbitant credit card transaction fees, and they present a compelling argument. Despite our supposedly sophisticated financial system, the fees that US retailers pay to accept credit cards, which amount to 2% to 3% of each transaction, are the highest in the world. Last month, Senators …
Many Americans eagerly await their payday. According to a report by LendingClub, as of June, 61% of adults in the United States are living paycheck to paycheck. This means that they rely solely on their regular paychecks to cover essential living expenses, with little to no money left over. A survey conducted by Bankrate reveals …
Billionaire Tim Cook, the CEO of Apple, was recently denied an Apple Card due to a mishap in the company’s venture with Goldman Sachs. This incident occurred because Cook’s account was flagged by credit bureaus, as high-profile individuals like him are often targeted by fraudsters. The credit bureaus’ red flags caused Goldman’s underwriting system to …
The Marriner S. Eccles Federal Reserve building in Washington. Stefani Reynolds/Bloomberg via Getty Images Experts anticipate that the Federal Reserve will likely raise rates by a quarter of a point at the conclusion of its upcoming meeting, following a pause last month. Fed officials have repeatedly expressed concern over the impact of rising costs on …
According to a recent Leger poll, Canadians are altering their summer travel plans due to the increasing costs of flights and hotels. The poll revealed that one third of Canadians have either changed or cancelled their vacation plans because of these rising costs. Of those individuals, 43% are opting for more affordable accommodation, 41% are …