Average credit card balances top $6,000, a 10-year high, as delinquencies rise
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.
Crypto | Nov 9, 2023 SEC Chair Gary Gensler has indicated a potential pathway for the resurrection of the beleaguered cryptocurrency exchange FTX, albeit under stringent legal compliance. This news comes in the wake of FTX founder Sam Bankman-Fried's conviction on fraud charges, casting a shadow over the crypto exchange's future. During DC Fintech Week,
Book | Nov 9, 2023 The National Crowdfunding & Fintech Association of Canada (NCFA) is thrilled to announce the release of "Fintech Explained," the latest book by esteemed NCFA Advisor Michael R. King. Published by the University of Toronto Press, this comprehensive guide is an essential read for anyone looking to navigate the complexities of
The IRS on Thursday announced higher federal income tax brackets and standard deductions for 2024. Here's what taxpayers need to know.
Regulation | Nov 9, 2023 The U.S. House of Representatives has introduced a provision in the spending bill that could curtail the SEC's enforcement capabilities against crypto businesses. This legislative maneuver aims to restrict the SEC's funding for enforcement actions against crypto businesses, a move that underscores the ongoing tension between regulatory bodies and the
Farnoosh Torabi, author of “A Healthy State of Panic,” says financial fear can help you build wealth if you lean into it.
"Economize" budgets, pay down debt and saving even a little can help your wallet heading into the new year.
Nov 9, 2023 You have invested energy and cash on your home as a property holder. You could be wondering now how to maximize the utilization of your home. If you have any desire to pay for home upgrades, an unexpected need, or something completely different without exhausting your assets, get approved for a home
Report | Nov 9, 2023 According to the latest CB Insights report Q3, global fintech funding saw a 3% decrease quarter-over-quarter, settling at $7.4 billion, with deal numbers dropping by 18%. Despite this, the year-to-date figures remain robust, with $30.5 billion funded across 2,849 deals. Global Fintech Funding and Investment Trends The global fintech funding
Whether you’re starting to invest or nearing retirement, there are several ways to use exchange-traded funds, or ETFs, to achieve your financial goals.
Credit card delinqency rates are rising. Here are some terms you should know that can help you understand the best ways to pay for your holiday purchases.
The Labor Department proposed a rule to raise protections around investment advice for retirement savers. Rollovers to IRAs will be most impacted, experts said.
There's a loophole for parent borrowers shut out of student loan relief measures, but it's complicated, experts caution.
Regulation | Nov 8, 2023 The Consumer Financial Protection Bureau (CFPB) is making headlines with its latest initiative to expand its regulatory purview over big tech and fintech services. The agency has made clear its intention to supervise larger nonbank companies, such as PayPal, that offer services akin to digital wallets and payment apps. This
NFTs | Nov 8, 2023 OpenSea, a leading NFT marketplace, has cut its workforce by 50% and is hosting a strategic retreat to refocus on OpenSea 2.0 amidst a significant downturn in the NFT market. The company, which was once valued at over $13 billion, has laid off approximately 50% of its staff, equating to