News 

The 5 best ‘no foreign transaction fee’ credit cards that will save you money on international trips

“I didn’t realize that my basic student credit card, and, in fact, many popular mainstream credit cards, charged foreign transaction fees” writes David Slotnick for businessinsider.com. Since then, I’ve learned that while many consumer credit cards have foreign transaction fees, many other popular cards don’t.Here are some of the best consumer credit cards that don’t have foreign transaction fees.Basically, treat your credit card like a debit card.One of the most popular and recommended travel rewards credit cards, the Chase Sapphire Preferred offers 2x points per dollar spent on dining and…

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News 

Truck craze, tech stretch purse strings, auto loans

“Fiat Chrysler Automobiles NV’s Ram truck brand had the longest average auto loan terms in the auto industry last year, at 73 months, according to Experian” writes Gabrielle Coppola for autonews.com. Photo credit: BLOOMBERG Fiat Chrysler Automobiles NV’s Ram truck brand had the longest average auto loan terms in the auto industry last year, at 73 months, according to Experian.Much of the remainder was handled by banks and credit unions that tend to offer longer loan terms, she said. Source: autonews.com Share This:

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GBP News 

Brexit could further dent UK credit rating, Fitch analyst says

“Brexit uncertainty could further damage the U.K.’s credit rating as it remains one of the few countries on a negative outlook, an analyst said Friday” writes Shafi Musaddique for cnbc.com. However, McCormack hinted that Fitch could change the U.K’s credit rating as government borrowing returned to pre-2008 financial crisis levels this year.James McCormack, global head of sovereigns at Fitch Ratings, told CNBC’s Joumanna Bercetche that “risks related to Brexit” and uncertainty on what a post-Brexit U.K. would look like mean a gloomy assessment is set to continue. Source: cnbc.com Share This:

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News 

Amazon shares to rally another 15%, Credit Suisse says

“Amazon’s burgeoning cloud computing platform and central retail business should lead to a “steady and iterative” year for the company, according to Credit Suisse” writes Thomas Franck for cnbc.com. That implies more than 15 percent upside for shares over the next 12 months from Thursday’s close.Ju said that updates to the Credit Suisse estimates came after reviewing Amazon’s updated asset and cash flow figures for Amazon Web Services and retail operations, recently disclosed in a 10-K filing with the Securities and Exchange Commission.”E-commerce growth for the next two decades will…

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Credit Suisse gets license for wealth management business in Philippines

“HONG KONG (Reuters) – Credit Suisse Group AG said on Thursday it has received regulatory approval to launch its wealth management business in the Philippines, allowing the Swiss bank to tap the growing onshore wealth in the Southeast Asian country” writes Midwest Communications Inc for 95kqds.com. In the Philippines, Credit Suisse’s existing services include advisory on capital raising, liability management, M&A, and structured finance.Credit Suisse has received a license from the Securities and Exchange Commission and approval from the central bank, Bangko Sentral ng Pilipinas, to set up a representative…

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News 

Credit experts in Canada warn of creeping negative equity

“Rising negative equity will likely keep some buyers out of the market for a new vehicle, instead pushing them into the used market” writes John Irwin for autonews.com. Because the average term now exceeds 72 months, these consumers are breaking their loans before they have eliminated negative equity and begun accumulating positive equity.” Fabian said rising negative equity rates could have an impact in other areas.Dark clouds appear to be gathering over the credit landscape in Canada, and the forecast is beginning to look like pain.He said investigations into reports…

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News 

Congress could repeal CFPB’s auto-lending guidance

“In October, the Government Accountability Office said the 2013 CFPB auto lending bulletin should be considered a rule subject to the Congressional Review Act, which means Congress has the power to revoke it” writes Hannah Lutz for autonews.com. If Congress passes the resolutions, Welch added, the CFPB could not reissue a new guidance in the same form without authorization by Congress, which would halt the push to limit or eliminate dealer reserve.The U.S. Senate is expected to vote in coming days on a resolution that would rescind the Consumer Financial…

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Crypto News 

Pornhub now allows payments from one specific cryptocurrency

“Finally, PornHub has jumped into cryptocurrency craze just as the ancient prophecies foretold” writes Marcus Gilmer for mashable.com. ALAS. Because of the volatility in value of cryptocurrency, Price says the site isn’t yet accepting it for recurring payments, just one-time payments, but is looking into how to adapt to make recurring payments a possibility down the line.Verge cryptocurrency also offers an extra level of anonymity and security by using anonymous networks like Tor and I2P; it’s also an open-source project as opposed to a privately-owned company.Pornhub dropped a safe-for-work (if…

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News 

Universal Credit Welfare Reforms Contributing To Homelessness Among 16-24s, Charity Warns

“Welfare reforms such as Universal Credit are contributing to homelessness among 16 to 24-year-olds by impacting their ability to access and sustain housing, a charity has warned” writes unknown author for huffingtonpost.com. Research carried out by Homeless Link, a charity that works with rough sleepers, 92% of respondents identified delayed Universal Credit payments as having an impact on youth homelessness. “The findings indicate that all reforms within Universal Credit are impacting young people’s ability to access and sustain accommodation,” the reports states. “The findings strongly suggest that the administrative changes…

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News 

TurboTax answers most commonly asked tax questions

“To help make the tax filing process as easy as possible, TurboTax has answered the most commonly asked tax questions for this tax season” writes Turbotax Blog Editor for aol.com. The tax deadline is almost here, and with the tax deadline comes a wide range of tax questions from filers.The Earned Income Tax Credit is a tax credit for low to middle income wage earners that has lifted millions of people out of poverty, however many people still miss it.Claiming dependents can give you a tax deduction worth up to…

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