credit
The refinancing will cover 60 per cent of the principal for qualifying loans to tech-based small and medium-sized enterprises, and can be extended twice for an additional year each time, the central bank said in an online statement. “[The loans] will guide financial institutions to provide credit support to tech-focused enterprises in their start-up and […]
PRO+ New data sets, deeper insights, and flexible data visualizations. Learn More →Reports In-depth analysis, benchmarks and shorter spotlights on digital trends. Learn More →
The U.S. government on Tuesday announced it would sharply limit the fees that credit card companies can charge customers who fall behind on their bills, aiming to cap the penalties at $8 in a move that is expected to draw fierce resistance from financial giants. The rules arrive as part of a . . .
NEW YORK — Capital One Financial said it will buy Discover Financial Services for $35 billion, in a deal that would bring together two of the nation’s credit card companies as well as potentially shake up the payments industry, which is largely dominated by Visa and Mastercard. Under the terms of the all-stock transaction, Discover […]
Desperation breeds innovation — or, as we would say in my homeland of Jamaica, “Sometimes yuh haffi tun yuh hand fi mek fashion.” Black culture, influenced by the (unfortunately, required) fortitude of its people across the world, has birthed trends and fostered undeniable growth across entire continents, not to mention within businesses. This influence has provided […]
Desperation breeds innovation — or, as we would say in my homeland of Jamaica, “Sometimes yuh haffi tun yuh hand fi mek fashion.” Black culture, influenced by the (unfortunately, required) fortitude of its people across the world, has birthed trends and fostered undeniable growth across entire continents, not to mention within businesses. This influence has provided […]
The biggest US banks believe American consumers have weathered the Federal Reserve’s cycle of interest rate rises in good shape, but a new poll shows Joe Biden is getting no credit ahead of November’s election. Voters in Iowa will fire the starting gun on the Republican presidential nomination process on Monday by holding caucuses to […]
President Joe Biden is taking credit for what the Biden-Harris administration says has been a boom for Black-owned small businesses, which have seen the fastest-growing pace in over 30 years. “I’m here to celebrate the progress we’re making support Black small businesses here and around the country,” Biden said on Wednesday during his trip to […]
Navy Federal Credit Union, the largest credit union in the United States, is under fire for exhibiting the most substantial racial disparities in mortgage approval rates among major lenders. The disparities, reaching new heights in 2022, underscored a pronounced contrast in approval rates for White and Black borrowers. Recent Consumer Financial Protection Bureau data indicated […]
By Stacy M. Brown | NNPA Courtesy of NNPA (NNPA) – Navy Federal Credit Union, the largest credit union in the United States, is under fire for exhibiting the most substantial racial disparities in mortgage approval rates among major lenders. The disparities, reaching new heights in 2022, underscored a pronounced contrast in approval rates for […]