Average credit card balances jump 10% to a record $6,360, and more consumers fall behind on payments
Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.
Americans are increasingly leaning on credit to make ends meet, boosting balances and total debt to fresh highs.
Education | Feb 8, 2024 Understanding Gen Z Finance: A Fintech Survival Guide As Generation Z (born between 1997 and 2012) steps into financial independence amidst economic challenges, their unique financial behaviors, preferences, and terminologies come to the forefront. Understanding these aspects is crucial for fintech professionals aiming to engage, communicate, and develop services for
News | Feb 8, 2024 NBA Faces Lawsuit for Alleged Negligence in Crypto Exchange Marketing Deals The National Basketball Association (NBA) is currently embroiled in a significant legal challenge, accused of "gross negligence" for its marketing affiliations with the now-defunct crypto exchange Voyager Digital Holdings Inc. Investors have filed a lawsuit against the NBA, claiming
Feb 8, 2024 In the light of 2024, a sense of optimism emerged among many homeowners with the Bank of Canada's declaration marking the cessation of its interest rate hiking cycle. This announcement fostered widespread expectations of a forthcoming decrease in interest rates, potentially triggering another upturn in housing prices. Nonetheless, the economic environment suggests
Digital Assets | Release | Feb 8, 2024 Prometheum Launches Ethereum Custodial Services. A Controversial Step Towards Regulatory Clarity? Prometheum Inc. officially announced the launch of custodial services for Ethereum's ether (ETH) token, on February 7, 2024, as a direct result of Prometheum's subsidiary, Prometheum Capital LLC, receiving approval from the Financial Industry Regulatory Authority
If you worked remotely in 2023, you may be curious about the home office deduction. Here's who qualifies for the tax break this season, according to experts.
Regulation | Feb 8, 2024 SEC Expands 'Dealer' Definition, Impacting DeFi and Markets The U.S. Securities and Exchange Commission (SEC) has adopted new rules broadening the definition of a 'dealer,' which could now encompass significant participants in the decentralized finance (DeFi) sector. This regulatory shift mandates entities engaging in liquidity-providing roles to register as dealers,
A majority of Gen Z couples who are live together do not have their finances combined, a study found. There may be a few reasons why, experts say.
People in their 50s often face competing priorities that may make it difficult to prioritize retirement. Experts say these tips can help you stay on track.
In 2024, there's a new idea gaining steam that promotes speaking up about saving money — welcome to the era of "loud budgeting."
AI | Feb 7, 2024 Meta Expands AI-generated Image Labeling To Enhance Transparency and Accountability Across All Platforms According to TechCrunch, Meta is broadening the scope of its AI-generated imagery labeling posted by users to enhance transparency and user awareness The strategic move is expected to increase the volume of labeled AI-generated synthetic versus authentic
Pershing Square's Ackman will offer a new investment vehicle listed on the New York Stock Exchange, aiming to leverage his following among retail investors.
Research | Feb 7, 2024 Open Banking Boosts Competition and Productivity, Transforming Financial Services Landscape The Bank of England recently published Staff Working Paper No. 1,059 titled "Customer data access and fintech entry: early evidence from open banking" The research on Open Banking (OB) policies provides substantial evidence that implementing OB can indeed improve competition
As extreme weather and climate-related hazards become more frequent across the U.S., renters face particular challenges.
If your tax refund or bill is higher than expected, it may be time to adjust your paycheck withholding. Here's how to know if you're withholding enough.