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July 24, 2021

CREDIT

Euro zone banks see small tightening of credit standards in Q3

Reuters
The logo of the European Central Bank (ECB) is pictured outside its headquarters in Frankfurt, Germany, April 26, 2018. REUTERS/Kai Pfaffenbach/File Photo FRANKFURT, July 20 (Reuters) – Euro zone banks expect corporate loan demand to surge in the third quarter and see just a moderate tightening of credit standards or......

‘Use your points and miles’ ASAP, says credit analyst: Here’s how to get the most out of them

CNBC
CNBC – For more and to sign up click here Airlines have been degrading the value of points for years There have already been some post-pandemic shakeups to rewards point systems. Southwest, for example, changed the number of points it takes to earn a free ticket in April. And as......

Millions of families are receiving new monthly child tax credit checks. Some hope that income becomes permanent

CNBC
CNBC – For more and to sign up click here Alexi Rosenfeld | Getty Images Sasha Demskie received a welcome deposit in her bank account this week: a $250 payment from the government as part of the new monthly child tax credit payments. The money will go to pay basic......

Child Tax Credit 2021: Here’s how families say they’ll use “basic income for kids”

CBS News
CBS News – For more and to sign up click here The parents of 60 million U.S. children on Thursday began receiving monthly checks through the expanded federal Child Tax Credit, a historic relief measure geared toward families of modest means. The money is sorely needed given the ongoing financial......

How much money your children will have for retirement if you invest the child tax credit every year until they turn 18

CNBC
CNBC – For more and to sign up click here The child tax credit traditionally gave qualifying families a $2,000 credit per child. This year, the $1.9 trillion American Rescue Plan Act of 2021 boosted that maximum number up to $3,000 per kid ages 6 to 17 and $3,600 for......

Why the New Monthly Child Tax Credit Is More Likely to Be Spent on Children

New York Times
Hundreds of dollars began arriving in parents’ bank accounts Thursday, as the first installment of the Biden administration’s monthly child tax credit. Compared with programs that require a lot of paperwork or happen only at tax time, it was hard to deny the power of government assistance in the form......

More Money to Make Ends Meet for Ohio Families As Child Tax Credit Payments Start This Week

ClevelandScene
click to enlarge (geralt/Pixabay) The Child Tax Credit for 2021 increased from $2,000 to $3,000 for children 6-17. COLUMBUS, Ohio — Many Ohio families will soon get extra cash to keep up with the cost of raising their kids. The 2021 Child Tax Credit expansion passed as part of the......

Monthly child tax credit payments are one of the best forms of government spending, economist says

CNBC
CNBC – For more and to sign up click here The enhanced federal child tax credit program, with monthly payments starting Thursday, is one of the best ways the government can allot its money to spur economic growth and help the nation’s youth, University of Maryland economist Melissa Kearney told......

Biden touts ‘historic’ effort to reduce child poverty through expanded child tax credit

CNN
USA TODAY – For more and to sign up click here “This can make it possible for a hardworking parent to say to his or her child: ‘Honey, we get, you can get your new braces now. We can get you a tutor to help you in the math class......

Eligible families could get up to $300 a month per child through expanded child tax credit

CBS News
CBS News – For more and to sign up click here Eligible families could get up to $300 a month per child through expanded child tax credit – CBS News Watch CBSN Live Starting Thursday, millions of parents could see extra money in their bank account through an expanded child......

First child tax credit payments have been sent. Here’s what you need to know

CNN
USA TODAY – For more and to sign up click here The infusions may offer the greatest benefit to low-income families, cutting child poverty nearly in half — but the extra cash will also go to better-off American families. The full enhanced credit will be available for heads of households......

New initiatives could give more Americans access to credit cards, help refinancing mortgages

CBS News
CBS News – For more and to sign up click here New initiatives could give more Americans access to credit cards, help refinancing mortgages – CBS News Watch CBSN Live Two new programs aim to give consumers greater access to credit cards and mortgage refinancing. CBS News business analyst Jill......

Levi’s and American Eagle among stocks set to benefit from enhanced child tax credit, Cramer says

CNBC
CNBC – For more and to sign up click here The enhanced child tax credit going into effect in the coming days will have big implications for the stock market, CNBC’s Jim Cramer said Tuesday. As families across the country prepare their children to return to school this fall, grocery......

The first child tax credit payments go out to 65 million kids this week. How to navigate the process

CNBC
CNBC – For more and to sign up click here Oliver Rossi | Stone | Getty Images It’s an exciting week for millions of children and their families across the U.S. On July 15, the first payment from the new expanded child tax credit will be sent to some 39......

Advocates try to alert Mich. families about expanded Child Tax Credit

Detriot News
Detroit News – For more and to sign up click here Washington — An urgent outreach effort is underway in Michigan and around the country to reach millions of low-income families ahead of the roll-out this week of the Biden administration’s broad anti-poverty initiative. The Internal Revenue Service will begin sending......

Still no stimulus check? Need to sign up for the child tax credit? There is help available

CNBC
CNBC – For more and to sign up click here ljubaphoto | E+ | Getty Images Millions of individuals and families stand to receive money from the government through stimulus checks and monthly child tax credit payments. However, many are still waiting on their stimulus checks, while others may not......

Some families should opt out of advance child tax credit payments starting July 15. Here’s why

CNBC
CNBC – For more and to sign up click here lisegagne | E+ | Getty Images Some 39 million American families on July 15 will get the first of six advance monthly payments of the enhanced federal child tax credit. However, some of those families should elect to not receive......

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