Author: Press Room

Consumers hit with credit card late fees could get some relief if a law proposed by the Biden administration, capping these penalties at $8, is put into action.  The move to lessen the fees could save millions of Americans as much as $9 billion a year, the White House said in a press release. Late credit card payments can cause consumers to experience a host of repercussions, such as a ding on their credit score, and on top of that, they also face paying credit card companies fees of as much as $41 for each missed payment.  The new law, which…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. Borrowers with good credit seeking personal loans during the past seven days prequalified for rates that were lower for 3-year loans and higher for 5-year loans compared to the previous seven days. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between…

Short sellers were sitting on more than $7 billion in profit from the mass sell-off of bank shares by the end of March, their largest windfall since the global financial crisis in 2008, according to data firm Ortex.The collapse of Silicon Valley Bank and the emergency rescue of Credit Suisse by domestic rival UBS headlined a chaotic month for the global banking sector.Fears of contagion sent shares tumbling across the U.S. and Europe, and the losses were compounded by further monetary policy tightening from the U.S. Federal Reserve.Short selling is the practice of borrowing an asset and selling it on…

Thu, Apr 6 20234:53 PM EDTDamage to Ukraine’s energy infrastructure exceeds more than $10 billion, report saysThe damage to Ukraine’s energy infrastructure due to Russia’s invasion exceeds more than $10 billion, the United Nations and World Bank said in a joint assessment.The international organizations wrote that the damage to Ukraine’s power, gas and heating infrastructure has left over 12 million people with no or limited electricity. Additionally, there are disruptions to water supply and heating systems.Russia has previously denied that its forces target Ukrainian civilian infrastructure.— Amanda MaciasThu, Apr 6 20233:17 PM EDTWHO records more than 900 attacks on vital health services in…

Across the United States, more than 150 million people are being faced with the possibility of a new reality: life without TikTok. The wildly popular short-form video app has been at the center of an ongoing battle, with lawmakers calling for an outright ban, and the company portraying itself as a critical community space, educational platform and just plain fun. In Hong Kong, there’s no need to imagine that reality: TikTok discontinued its services there in 2020. Its abrupt departure was met with mixed reactions: disappointment from some users and content creators, but also relief from others who say life…

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Recent market trends are pointing towards a positive outlook for Bitcoin’s price, causing investors to consider if this is the right moment to invest in them, even after the dip. Taking into account the current analysis and projections, it is possible to roughly gauge how cryptocurrency may fare in the future. These predictions give potential investors an indication of whether investing in crypto is a viable option at this point in time.Bitcoin continues to trade near the $28,000 mark as investors await a solid fundamental reason to drive price action.Arkansas Legislature Passes Bill Safeguarding Bitcoin Mining RightsThe Arkansas Data Centers Act,…

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Acquirers and processors are competing to enhance their value propositions Card and automated clearing house (ACH) payment networks are dueling for volume Issuers can lean on customer relationships and tranches of data to respond to innovation Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Amid economic uncertainty, payments providers are making meaningful shifts to digitize and innovate as they continue to grow at a projected 8.3% compound annual growth rate worldwide between 2021 and 2026, per Boston Consulting Group. The changing economic landscape is leading…

PepsiCo is one of the largest companies worldwide, netting $86 billion in revenue last year. Athina Kanioura, PepsiCo’s first-ever chief strategy and transformation officer, has revamped the company’s internal digital strategies. This article is part of “Tech Leadership Playbook,” a series that shares advice from the most innovative tech execs. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app When Athina Kanioura joined PepsiCo in 2020 as its first-ever chief strategy and transformation officer, her goal was to completely revolutionize how the company utilized technology internally. But PepsiCo…