Summary Your credit score reflects your financial health. Common reasons for a drop include: Missed Payments: Late or missed payments hurt your score the most.High Credit Use: Using over 30% of your credit limit can lower your score.Short Credit History: The longer you manage credit, the better.Frequent New Applications: Applying for too many credit accounts … Read more
The stablecoin-focused GENIUS Act is progressing in Congress in the midst of bank earnings season, putting banks such as JPMorganChase , Bank of America and Citigroup ; and card companies like Mastercard in front of analysts to answer questions about crypto. Many banks are planning to issue their own stablecoin or work as part of … Read more
Union Bank February 27, 2024 Effectively integrating all aspects of your financial picture—from retirement goals to philanthropic wishes—into your estate planning process isn’t always easy. This is especially true when you have accounts and investments at multiple financial institutions, as well as real estate and other assets. Wealth management is an integral part of successful … Read more
Mike Knight In this post, I argue that, to strengthen climate risk metrics, the pricing of carbon should be transparent and consistent. I suggest that lessons can be learned from existing commodities and interest rate markets in the role a benchmark price (for carbon) could play to provide that transparency and consistency. Further, I propose … Read more
Indeed today did have special meaning. While the origins may have been from American politics, the reality is Canada does have a unique personality that is based on the British parliamentary system, whereas American is more akin to the French republic. Republics are driven by personality, while Canada and the British parliamentarian system is … Read more
Summary Planning a wedding is exciting but costly, and reflecting on our experience, we share lessons learned about budgeting wisely, avoiding unnecessary expenses, and prioritizing what truly enhances the celebration of love. Planning weddings is a whirlwind of excitement, decisions, and, of course, expenses. It’s easy to get caught up in the desire to create … Read more
Be it new generations of artificial intelligence or increasingly skilled threat actors, fraud continues to be a massive thorn in the side of banks and credit unions across the U.S. New research from American Banker finds that institutions have more gaps in risk defenses than they might think. Risk and fraud professionals at financial institutions … Read more
Embarking on the journey to homeownership can be both exciting and overwhelming, especially when you’re surrounded by a plethora of myths and misconceptions. As a first-time homebuyer, you might have heard that renting is more affordable than owning, or that a flawless credit score is essential. But how accurate are these claims? In this guide, … Read more
Tom Davies CHAPS is a critical element of the UK’s payments landscape, handling 92% of UK payment values despite comprising 0.5% of volumes. CHAPS is used for high-value and time-critical payments, including money market and foreign exchange transactions, supplier payments, and house purchases. We forecast CHAPS volumes to help CHAPS participants in making staffing decisions … Read more
For several years, top AI developers have been working inside research labs to build more powerful artificial intelligence systems that might one day rival humans at many tasks. But as AI has rapidly improved in recent months, leading model makers have moved aggressively to try to translate those advances into apps and devices that people … Read more