Americans Continue Cutting Credit Card Balances in August, Fed Reports
Americans Continue Cutting Credit Card Balances in August, Fed Reports The Federal Reserve (Fed) reported last week that Americans cut credit card balances again in August for the sixth month in a row. Despite the predicted increase in credit card spending, revolving...
Bank of America Announces Plans to Offer Short-Term Loans
Bank of America Announces Plans to Offer Short-Term Loans Last week, Bank of America Corp. unveiled plans to offer short-term loans to customers that have had checking accounts for more than a year. Under the new plan, customers can borrow up to $500 for a flat $5...
Senators Gillibrand and Sanders Reintroduce Postal Banking Act
Senators Gillibrand and Sanders Reintroduce Postal Banking Act Last week, U.S. Senators Kirsten Gillibrand (D-N.Y.) and Bernie Sanders (D-Vt.) hosted a Facebook Live conversation where the two legislators announced their reintroduction of the Postal Banking Act,...
Survey Finds Most Americans Say They Can Now Manage Finances Without Physical Bank Branch
Survey Finds Most Americans Say They Can Now Manage Finances Without Physical Bank Branch A recent survey commissioned by Plaid found that, largely due to the COVID-19 pandemic, most Americans have smoothly transitioned to digital banking and are increasingly turning...
