There’s speculation, but no final word on an extension of the federal student loan payment pause

There has been speculation that the student loan repayment pause will be extended again. Last week, the White House stated that an extension is under consideration, and more recently, the Education Department instructed federal student loan servicers to hold off on sending borrowers the notices that they’re required to send about the resumption of student loan payments. The student loan payment pause began at the beginning of the pandemic in March of 2020 and has been extended a few times, with the latest extension set to expire on May 1, 2022. The student loan relief called for …

Bank of America employees mistake ‘Black Panther’ director Ryan Coogler for a bank robber

The director was cuffed at a Georgia Bank of America in January after suspicious staff mistook him for a bank robber. The incident occurred after Coogler, wearing a medical face mask, sunglasses, and a hat resembling a beanie, handed the teller a withdrawal slip that read, “I would like to withdraw $12,000 cash from my checking account. Please do the money count somewhere else. I’d like to be discreet.” Due to the large amount of the transaction, the employee received an alert. She conferred with her manager and the police were called. Cops detained two car …

Discover to discontinue its free Credit Scorecard service

Currently, Discover customers receive their Transunion FICO 8 score each month. Through creditscorecard.com, Discover customers have also been able to access their Experian FICO 8 score, which is updated monthly. This service is also available to non-Discover customers, and it’s the service that Discover is discontinuing entirely on June 6, 2022. As of as of March 1, 2022, Discover no longer accepts registrations for the service. Discover has confirmed that its customers will have access to their Transunion FICO score each month, on their statement, on the Discover site and in the Discover app. …

Free COVID testing kits can be ordered through special government site

President Joe Biden announced during Thursday’s State of the Union that free COVID tests could be ordered online the following week. Accessing will direct users to a USPS page that will allow them to order eight free at-home COVID testing kits. The tests can also be ordered by calling 800-232-0233. TTY users can call 888-720-7489. Each household can order up to eight tests total, and up to four at a time. As of January 15, 2022, insurance providers are required to help their plan members cover the cost of at-home testing …

How to change your credit card due date

Changing your credit card due date can helpful tool if you’re budgeting, taking advantage of credit card float, or just looking to make the bill payment process easier. Changing your credit card due date with Capital One Capital One makes it fairly easy for customers to change their due date. You don’t need to call, although if you do, the rep will help you change your date. However, if you’re do-it-yourselfer, you can easily change your Capital One credit card’s due date with just a few clicks. Once you’re on the site and you’ve …

SoFi now offering margin investing at one of the lowest rates, but still lacks options

SoFi is now offering customers the ability to trade on margin. The introductory rate is one of the lowest in theindustry. Through May 31, 2022, SoFi’s margin rate will be 2.5%. Beginning on June 1, 2022, SoFi will increase its margin rate to 5%, which is still quite low considering that brokerages that do offer similar rates only do so after the customer initiates negotiations. Despite offering low margin rates, SoFi’s lack of options trading takes SoFi out of the race for some investors. While SoFi’s offerings may be sufficient for the beginner investor, and even …

Digital Federal Credit Union announces outages as it prepares for new platform

Digital Federal Credit Union (DCU) has alerted members that certain money services will be unavailable as it prepares for the rollout of its new customer portal. Notifications were sent via email and can also be accessed in the inbox of the current member portal and on a dedicated page on DCU’s site. What DCU anticipates Internal transfers will work as normal during the transition to the new platform. The outages appear to only affect users’ ability to set up new payments and transfers during the designated downtime. DCU members will be impacted as early …

Truist transition leaves some customers without access to their funds

Customers have started reporting that they lost full access to their funds during the final stages of Truist’s integration of BB&T and SunTrust customers. Truist acknowledged the issue and encouraged customers to activate their Truist debit cards “through online banking or your mobile app, at a Truist or non-Truist ATM, or during a purchase with your PIN.” Earlier versions of the site message warned customers, “After activating your new Truist debit card, you may experience a delay of up to a few hours before it’s ready to use.” This caused frustration for some customers …

Family Dollar temporarily closes over 400 stores due to rat and bird infestation

The FDA has issued a public advisory that “FDA-regulated products purchased from January 1, 2021, through the present from Family Dollar stores in Alabama, Arkansas, Louisiana, Mississippi, Missouri and Tennessee may be unsafe for consumers to use. In January of 2022, the FDA began its investigation of Family Dollar after a consumer complaint. The investigation concluded on February 11, 2022. The FDA issued a public advisory a week later and revealed that its investigation uncovered “live rodents, dead rodents in various states of decay, rodent feces and urine, evidence of gnawing, nesting and rodent odors throughout …