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October 25, 2021

Payments

What to expect as Education Department gets ready to resume student loan payments

CNBC
CNBC – For more and to sign up click here The U.S. Department of Education in Washington, D.C. Caroline Brehman | CQ-Roll Call, Inc. | Getty Images In March 2020, the U.S. Department of Education offered the millions of Americans with student loans the option of pressing the pause button......

Second-largest U.S. mortgage lender ditches its plan to accept payments in bitcoin

CNBC Real Estate
U.S. homebuyers apparently aren’t all that interested in paying their mortgages in cryptocurrencies like bitcoin. United Wholesale Mortgage, which made its public debut in January via a special purpose acquisition (SPAC) merger, began piloting crypto payments in August in a first for the industry. But CEO Mat Ishbia now tells CNBC that......

Even with low interest rates, mortgage payments are increasingly unaffordable

CNBC Real Estate
Even in the current low interest rate environment, mortgage payments are becoming increasingly unaffordable for the median American family, according to a report from the Federal Reserve Bank of Atlanta. A median-income household would need to spend 32.6% of its yearly income on a median-priced home, the Atlanta Fed reported.......

Pennsylvania legislation would revamp royalty payments for harvesting natural gas

USA TODAY – For more and to sign up click here Natalie Kapustik, The Center Square contributor Legislation sponsored by Pennsylvania state Rep. Eric Davanzo, R-Westmoreland, would define what can and cannot be deducted from landowners when calculating compensation for natural gas harvested from their property. House Bill 1763 would......

Families with up to $50,000 in income have saved and invested their monthly child tax credit payments, research shows

CNBC
CNBC – For more and to sign up click here Halfpoint Images | Moment | Getty Images New data on the monthly child tax credit payments shows how parents earning up to $50,000 a year are using the extra money. They’re investing it. The monthly checks started in July, and......

There’s only a few months left to sign up for advance child tax payments. Here’s what it means for future checks

CNBC
CNBC – For more and to sign up click here svetikd | E+ | Getty Images Millions of American families with kids have received three monthly payments since July totaling $45 billion through the new enhanced child tax credit. There’s a limited amount of time for families with eligible children......

Democrats look to extend the expanded monthly child tax credit payments through 2025. The terms could still be up for negotiation

CNBC
CNBC – For more and to sign up click here Mint Images – Tim Robbins As Democratic lawmakers on Capitol Hill work to bring their new reconciliation bill across the finish line, a proposal to keep the expanded child tax credit could be changed. A more generous child tax credit......

Hispanic families were less likely than white ones to have received stimulus payments or the child tax credit last year

CNBC
CNBC – For more and to sign up click here SDI Productions | E+ | Getty Images About 78% of Hispanic families received stimulus payments over the last year and a half, compared with 96% of white respondents, according to a recent study conducted by Ipsos and a group of......

Walmart says crypto payments announcement is fake. Litecoin tumbles after spike

CNBC
CNBC – For more and to sign up click here Customers shop at a Walmart store on August 04, 2021 in Houston, Texas. Brandon Bell | Getty Images Cryptocurrency litecoin gave up a 20% gain and tumbled back to earth following a fake press release sent out by GlobeNewswire that......

Delays in state pension payments ‘causing anxiety’

BBC
https://www.bbc.co.uk/news/business-58519458?at_medium=RSS&at_campaign=KARANGA Caroline Abrahams, charity director at Age UK, said: “For many people living on the breadline it can be difficult to make ends meet, and so we urge the government to resolve this problem as soon as possible to ensure people who have reached their state pension age can access......

Apple will let some apps guide users to websites to make payments, bypassing Apple’s cut

CNBC
CNBC – For more and to sign up click here Tim Cook, chief executive officer of Apple Inc., speaks during the Apple Worldwide Developers Conference (WWDC) in San Jose, California, U.S., on Monday, June 4, 2018.  David Paul Morris | Bloomberg | Getty Images Apple on Wednesday said that some......

Signing up late for the $3,000 child tax credit? Here’s what it means for the remaining payments

CNBC
CNBC – For more and to sign up click here lisegagne | E+ | Getty Images So far, two monthly payments totaling $30 billion have gone out to American families with kids through the new enhanced child tax credit benefit. For families that have eligible children but haven’t signed up......

Facebook says it wants a ‘fair shot’ in the crypto payments sphere.

New York Times
Facebook’s mission is to “bring the world closer together.” Increasingly, that’s not just about connecting friends and family to share messages, but also serving as a platform for people’s financial lives. Some $100 billion in payments have been enabled by Facebook over the past year, said David Marcus, who runs......

Here’s what happens to Social Security payments when you die

CNBC
CNBC – For more and to sign up click here Hector Pertuz | iStock | Getty Images If you’re handling the financial affairs for an older person who has died, you may wonder how the government knows to stop sending Social Security payments. Or maybe there’s a surviving spouse or......

IRS, Treasury send $15 billion in child tax credit payments to families

CNBC
CNBC – For more and to sign up click here Tom Werner | DigitalVision | Getty Images More households got a monthly payment of the child tax credit in August, reaching an additional 1.6 million kids relative to July, the Treasury Department and IRS said Friday. The IRS disbursed $15......

Snap creators say they’re leaving the app’s Spotlight feature as payments dry up

CNBC
CNBC – For more and to sign up click here Joseph Melles is a content creator who has made thousands from Snap’s Spotlight feature, but he is now planning to post his content elsewhere after payments from the company have started to dry up. Courtesy of Joseph Melles Joseph Melles......

Australia to offer redress payments to some of its ‘Stolen Generation’

Reuters
Members of the Australian Aboriginal community of Ramingining can be seen near their homes in East Arnhem Land, located east of the Northern Territory city of Darwin, Australia November 24, 2014. REUTERS/David Gray CANBERRA, Aug 5 (Reuters) – Australia said on Thursday it will offer redress payments of A$75,000 ($55,000)......

U.S. Treasury suspends government retirement, health fund payments as debt limit resets

Reuters
U.S. Treasury Secretary Janet Yellen answers questions during the Senate Appropriations Subcommittee hearing to examine the FY22 budget request for the Treasury Department on Capitol Hill in Washington, DC, U.S., June 23, 2021. Greg Nash/Pool via REUTERS/Files WASHINGTON, Aug 2 (Reuters) – U.S. Treasury Secretary Janet Yellen on Monday took......

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