Norwegian Air partners with Synchrony and MasterCard to launch its first-ever rewards credit card in the US New rewards credit card offers a signup bonus of $100 Norwegian CashPoints Norwegian looking to tap on the massive potential of its 1.4 million members in the US Norwegian Air’s low-cost carrier has launched a co-branded credit card […]
Author: Rebecca White
Credit Unions To Replace Payday Lenders
Community lenders could be a solution to the lenders following the collapse of predatory payday lenders Partnerships between credit unions and fintechs to benefit from the Affordable Credit Challenge Six partnerships awarded- £150 each to develop affordable lending solutions Following the collapse of payday lenders in the UK there is a need to bridge the […]
Students’ Loan Debt Relief Companies Sued By The CFPB And States For Violation Of TSR
Accused companies and owners violated TSR by charging advance fees before adjusting student loans Companies lied about debt forgiveness within months when it is the DOE to determine forgiveness States indicate that the defendants violated UDAP and other state rules Two student-loan debt-relief companies have been sued for alleged violation of state laws and CFPA […]
John Lewis Partnership Credit Card Offering Customers Double Reward Points
John Lewis partnership credit card offering double points this Christmas period Customers to receive £30 voucher for spending £250 at John Lewis or Waitrose Reward credit cards waning following the introduction of EU interchange fee cap The John Lewis partnership rewards credit card has boosted reward points for festive season shopping. All the new customers […]
UK’s Biggest Lenders Write Off £1.76 Billion In Bad Debt
UK’s biggest lenders write off loans of £1.76 billion a more than 50% from last year Growing bad debt a result of the uncertainty around Brexit situation and slowing global economy Banks to take a hit on their revenues because of declining mortgage interest rates in the past five years The growing rate of writing […]
Leaked Audio Reveals How Payday Loans Lenders Are Trying To Prevent Regulation By Donating To Trump Campaign
Michaels Hodges said in a webinar that payday lenders donating to Trump campaign could Capture the attention of white House Scrapping the CFPB will mean payday lenders will generate $7 billion from struggling Americans The new regulation will require lenders to ascertain if the consumer can manage to pay the loan before lending On Tuesday […]
Debt Consolidation Can Help Consumers Deal With Heavy Credit Card Debt As Well As Improve Their Credit Scores
Debt consolidation can help boost your credit score besides making payment of your bills modest. The process of debt consolidation involves combining your unsecured debt into a single facility paid per month. Debt consolidation can help in lowering monthly payments, lower interest rates, protecting credit and getting out of credit quickly. Debt consolidation is a […]
New FCA Regulations To Unchain Holders Of Mortgages From High Mortgage Rate Deals
The Financial Conduct Authority has removed regulations that bar mortgage prisoners from transferring their high mortgage rate product to another provider. Mortgage prisoners cannot meet the affordability criteria to switch their products, and thus, they are trapped paying high mortgage rates. The rates are substantially higher relative to the fixed rates that new customers receive. […]
US Credit Card Debt Surges To New Highs At Almost $900 Billion In Over A Decade
At the end of last year, the US credit card debt was around $900 billion which was the largest ever. According to the Federal Reserve data, credit card balances increased by almost $26 billion from the previous quarter. Credit card debt shoots to new levels in over a decade The Federal Reserve indicates that although […]
Softbank To Invest £510 Million In Greensill As Part Of Launching An Alternative Service To Payday Loans
Payday loans could soon be a thing of the past after Softbank indicated that it will invest £510 million Greensill. Lex Grensill a founded Morgan Stanley banker created the online finance platform. New payday service to see an end to payday loans Greensill announced the new acquisition is part of its plan to introduce a […]