Stimulus Is Here. But There are Some Big Caveats.
With the final signature on the new COVID-19 relief and stimulus package on 12/27/20, a collective sigh of relief, however ...
Tag: unemployment
Learn how unemployment impacts the payments and banking sectors, influencing consumer spending, loan defaults, and financial stability, while driving demand for innovative financial solutions.
2020’s Debit Card Performance at a Glance:
The use of debit cards has grown rapidly in recent years, as consumers have become increasingly aware of the benefits ...
Fraud on Prepaid Unemployment Cards Runs Amok
I suppose this is a sign of the times. As unemployment benefits have ramped up, both at the federal and ...
The COVID-19 Recession Begins to Hit Middle-Class Credit Cardholders
While many financial institutions brace for the long-term implications of COVID-19, very few people feel good about the economy. A ...
Credit Card Gloom and Doom: It Depends Whom You Ask
Today’s WSJ has an optimistic view of consumer credit amidst the current recession. It appears a bit too rosy. Is it that ...
Economic Stimulus: Running on Empty or Saving the Credit Card Consumer?
The trigger date to end the $600 per week unemployment stimulus is a week away, and as Congress looks for ...
Unemployment and Credit Losses: Enough to Force Change in Credit Policy through 2022?
An observation Mercator Advisory Group made in our May 2020 review of COVID-19 and payments is the close alignment of ...
Automated Unemployment Deposits Still Have Individuals Looking for Cash
The State of New York provides unemployment benefit recipients with a prepaid card so they can receive their funds automatically, ...
Unemployment Up, Credit Card Debt Down
A general premise about credit cardholders is that there is a sincere commitment to repay. As with everything, there are ...
A Coronavirus Solution: Defer Household Debt as the World Gets Back on its Feet
The pandemic has taken a toll on many aspects of life, and one of the areas that has been hit ...
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