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Many Gawker readers posted outraged comments about the idea that the card will appeal to teens. "This is the most expensive fee schedule I have ever seen," one commenter wrote. "This is straight up 'let's take advantage of some dumb young people.' " (The card’s monthly fee is comparable to those of other prepaid offerings, but it requires payment of six or 12 months' fees up front.) A few attentive readers noted that the Gawker/BusinessInsider headline erred in describing the product as a "credit" card.
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The Suffolk, Virginia-based bank has agreed to pay more than $200 million for Old Point Financial in Hampton. It announced the deal just two days after its previous acquisition closed.
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President Trump's tariffs on imported vehicles threaten to drive up auto prices at a time when more car owners are already drifting into delinquency on their loans.
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Fears of a recession intensified after President Trump unveiled his plan to impose a minimum 10% tariff on all U.S. imports, and the KBW Nasdaq Bank Index tumbled by nearly 10%.
8h ago -
The federal Small Business Investment Company program has seen a spike in interest since a new rule incentivizing support for early stage companies took effect in 2023. Now there is growing political support for ways to further bolster the program.
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The Consumer Financial Protection Bureau said in a court filing that it will repropose a rule requiring lenders to report small-business loan data, citing legal challenges.
9h ago -
Employees are using ChatGPT without telling their managers and the IT team. That's not necessarily a bad thing.
10h ago