Finance
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Venmo Users Can Now Buy and Sell Cryptocurrencies
Venmo today announced the launch of crypto on Venmo, a new way for Venmo’s more than 70 million customers to buy, hold and sell cryptocurrency directly within the Venmo app.
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Visa Allows Payment Settlements Using Cryptocurrency
Visa today announced that it will allow the use of USD Coin (USDC), a stablecoin backed by the US dollar, to settle a transaction with Visa over Ethereum.
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DOJ Investigating Visa’s Debit Card Practices
The Wall Street Journal has published a report today saying that the Justice Department has opened an investigation into Visa’s debit card business and possible anticompetitive practices. Visa shares dropped 4.54% after the report.
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IRS Plans to Extend Tax Deadline to May 17
The Internal Revenue Service is planning to delay the April 15 tax filing deadline by about one month to taxpayers additional time to file returns and pay any amounts owed to the IRS.
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Lawsuit Filed Against Robinhood for Trade Restrictions on GME, AMC and Other Stocks
The no-fee stock trading app Robinhood was hit with class-action lawsuits Thursday almost immediately after restricting the trading of stocks popularized by a Reddit forum. Several Robinhood users filed separate lawsuits against the brokerage app.
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Small Businesses Can Apply for PPP Loans Starting Jan. 11, Find Out the Details
Congress included up to $284 billion toward the small business loan program as part of the Covid-19 relief package that went into effect near the end of 2020.
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Credit Demand and Access Plunged During Pandemic
The survey shpws the effect of the pandemic on consumer credit markets, with most credit application and acceptance rates falling sharply after February 2020.
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Average FICO Credit Score Reaches New Highs During Pandemic
The pandemic has wreaked havoc in businesses, financial markets, travel and social life, schools and more in recent months. But when it comes to credit cards, there’s some good news. Debt has been decreasing and now the average U.S. FICO® Score has increased to 711 on average.
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Experian Boost Lets You Use Netflix Payments to Improve Your Credit Score
Netflix customers can possibly improve their FICO® Score by adding their positive payment history through Experian Boost. It already allows consumers to receive credit for paying their cable bills, so paying for a video streaming service is something similar and paying it timely every month could add a few points on your score.
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FICO Introduces New ‘Resilience Index’
The FICO Resilience Index operates on a scale of 1 to 99, with lower scores indicating greater financial resilience in an economic downturn. Consumers with scores in the 1 to 44 range are viewed as the most prepared and able to weather an economic shift.
