News That Matters

Tag: credit

People in this state take the most time to pay off their credit cards

People in this state take the most time to pay off their credit cards

Finance
Customers pay at a cashier station in a JCpenney Store at the Newport Mall in Jersey City, New Jersey.Kena Betancur | Getty ImagesGoing big on those holiday purchases will cost you — especially if you're in New Mexico.Residents in the Land of Enchantment take 17 months to pay off an average credit card balance of $ 8,356, according to new data from CreditCards.com. Consumers in the state are the most heavily burdened with credit card debt, the personal finance site found.CreditCards.com analyzed household income and debt data from the U.S. Census Bureau and Experian.The size of your credit card balance isn't the only factor in determining whether the debt is truly burdensome.Annual household income also influences how speedily you can pay off what you owe, said Ted Rossman, industry analys
HDFC Bank’s Net banking, mobile app still down. Here’s how to make credit card payments

HDFC Bank’s Net banking, mobile app still down. Here’s how to make credit card payments

Finance
For the third day in a row, many customers are still not been able to access the country's largest private sector lender, HDFC Bank's Internet and mobile banking channels. The bank, responding to customer complaints on social media, attributed the outage to a 'technical glitch' adding that a team of experts constituted by the bank was at work to resolve the breakdown. We apologise that the resolution of the technical glitch is taking more time than anticipated. Our experts are work… https://t.co/OYKf7tQ43g— HDFC Bank Cares (@HDFCBank_Cares) 1575358749000 Though the bank claims to have resolved the issue, many customers are still unable to log in to these channels. According to the bank, normalcy will be restored within the next few hours. A common problem faced by many of i
Tyler Herro, Kendrick Nunn credit Heat’s culture for their success

Tyler Herro, Kendrick Nunn credit Heat’s culture for their success

Sports
MIAMI, Nov. 15 (UPI) -- Tyler Herro and Kendrick Nunn are the latest byproducts of the Miami Heat culture, a tradition of hard work and discipline the franchise is known for throughout the NBA. That culture entails putting in work to get better while maintaining humility. The Heat structure stands strongest when players sacrifice personal accolades and ego to play for a single goal: winning a championship. It's a contagion brewing in the American Airlines Arena locker room, infecting everyone from the highest paid players to those temporarily added to the roster. Heat coach Erik Spoelstra said the team is purposely constructed with players who have similar work ethics and team-first attitudes. "That has been by design," Spoelstra said. "We want to get a bunch of likeminded players who wa...
Apple’s ‘sexist’ credit card investigated by US regulator

Apple’s ‘sexist’ credit card investigated by US regulator

Technology
A US financial regulator has opened an investigation into claims Apple's credit card offered different credit limits for men and women.It follows complaints - including from Apple's co-founder Steve Wozniak - that algorithms used to set limits might be inherently biased against women.New York's Department of Financial Services (DFS) has contacted Goldman Sachs, which runs the Apple Card.Any discrimination, intentional or not, "violates New York law", the DFS said.The Bloomberg news agency reported on Saturday that tech entrepreneur David Heinemeier Hansson had complained that the Apple Card gave him 20 times the credit limit that his wife got.In a tweet, Mr Hansson said the disparity was despite his wife having a better credit score. Later, Mr Wozniak, wh...
Bank investigated over ‘sexist’ Apple Card credit limits

Bank investigated over ‘sexist’ Apple Card credit limits

Business
A major bank is being investigated following allegations that the algorithms it uses to set credit limits for the Apple Card are sexist.The investigation against Goldman Sachs comes after a tech entrepreneur claimed he was offered a credit limit that was 20 times higher than his wife's - even though she has a higher credit score. David Heinemeier Hansson accused the Apple Card algorithms of being "sexist", and said they had an "infuriating" experience with customer services because they were unable to appeal the decision. Image: Apple Card launched in the US in August After writing a viral Twitter thread about his experience, Hansson said his wife's credit limit was increased without any request for additional documentation.New York's...