10 Commandments Of Credit Card Rewards

10 Commandments Of Credit Card Rewards by The Point’s Guy 1. Thou shalt pay thy balance in full. 2. Thou shalt not miss a payment. 3. Thou shalt not cancel a card before thou hast opened a new one. 4. Thou shalt not cancel …

READ MORE

The SEC has charged six credit rating agencies with “significant recordkeeping failures.” If all the credit rating agency’s are corrupt, is there anything that isn’t?

https://www.sec.gov/newsroom/press-releases/2024-114#:~:text=The%20firms%20admitted%20the%20facts,implementing%20improvements%20to%20their%20compliance TL;DR: Six credit rating agencies charged by SEC for recordkeeping failures. Firms admit wrongdoing and pay over $49 million in penalties. Moody’s, S&P Global, Fitch, HR Ratings, A.M. Best, and Demotech involved. Most firms required to retain compliance consultants. …

READ MORE

Delinquency on credit card loans from small banks

https://fred.stlouisfed.org/series/DRCCLACBS Large banks are doing better, although delinquencies have risen quite bit recently. Still concerning for the 4400 other banks. Delinquency transition rates for credit cards, auto loans, and mortgages increased slightly in the second quater of 2024, per the …

READ MORE

US Credit Card Debt Hits $1.14 T

By Martin Armstrong The Federal Reserve Bank of New York released data this week indicating that American credit card debt has reached a new high of $1.14 trillion. A separate report from TransUnion has found that the average American is …

READ MORE

Current U3 unemployment formula excludes post-2022 immigration; real unemployment worse with illegal entries. typically, credit card delinquencies follow job losses.

"The formula for current U3 doesn’t included immigration after 2022" So unemployment is worse if you include all the illegals Biden let in https://t.co/mMLn70eql7 — Darth Powell (@VladTheInflator) August 7, 2024 It's strange that credit card delinquencies are rising without …

READ MORE

JPMorgan’s $3.1 billion credit loss provision signals economic trouble, 62% increase from Q1.

https://twitter.com/1CoastalJournal/status/1811757149430640912 https://twitter.com/17296Jay18416/status/1811729236350111902 📈 Earnings Alert $JPM – JPMorgan 2Q Provision for Credit Losses Misses Estimates:∙ Provision for credit losses $3.05b, est $2.83b ∙ Adj revenue $50.99b ∙ Return on equity 23%, est 17.4%https://t.co/ZPPGNUWwcQ pic.twitter.com/vL1LqMwA2c — Smartkarma (@smartkarma) July 12, 2024 …

READ MORE