Credit Card APR Spread Hits 1000 bps – 26 Year Record
The credit card APR spread between the rates charged across all accounts and the prime rate computed to 1012 basis points (bps) in the …
Multi-Billionaire Robert McKinley Tackles FinEd
Multi-billionaire Robert McKinley was shocked head-to-toe when he discovered $9.9 billion in his personal bank account exactly two years ago today. His first move …
Stable U.S. Economy Likely to Hold till Election Day 2020
Stable U.S. economy is the word of the day. Barring unforeseen events like a global coronavirus plague, a Mid-East war, a successful impeachment or …
Late Fees – 4 Ways to Beat the Card Trap
Late fees fluctuated between $5 and $10 in the mid-1980s when the credit card business was about to explode. Most of the ten largest …
Robert McKinley Resurrects Professor Cardworthy
Professor Cardworthy, the “Money Explainer” of all things financial, was resurrected by Senior Payments Analyst Robert McKinley, reprising his role first developed in 2007 …
Home Sharing, Hotels Maternity & Financial Goals
Home sharing is becoming more expensive than a hotel stay as greedy homeowners slip in exorbitant cleaning fees and service fees. At the same …
October Credit Card Surprise Short-Lived
The October credit card surprise wherein Americans tacked on $8 billion in revolving credit petered-out in November, dropping more than $2 billion, ostensibly due …
Free Tax Filings, Terrible Tariffs & Home Prices Dip
Free tax filings were not widely known among low-to-medium income taxpayers as some commercial tax preparation services did their level best to hide them …
Consumer Confidence Key to Recession & Payments
Consumer confidence may be beginning to show some cracks as recent surveys and monthly data confirm. Affecting about two-thirds of economy, the fog will …
Holiday Retail Sales Solid as Online Sales Soar 19%
Holiday retail sales solid, hitting projections of 3-4% growth over last year’s shopping season. Specialty apparel was the hottest online retail category. Gizmo sales …
