By Janet Currie It’s hard to believe the holiday season is upon us, bringing both excitement and extra financial responsibilities. For many Maryland families, managing celebrations alongside everyday budgets can feel a bit heavier this year. According to Bank of America internal data, in 2025 nearly a quarter of all households are estimated to live […]
Tag: consumers
Posted inAfro Briefs
​​Record-high credit card interest rates and fees are bogging down consumers– here’s how to avoid them
By Jill Jaracz Monthly credit card statements are causing consumers ongoing stress and concern. After years of high inflation and rising interest rates, consumers are having trouble keeping up with their credit card bills. According to industry data compiled by BankRegData, nearly 3 in 4 consumers carry outstanding balances on their credit cards, and more […]
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A Comprehensive Guide to the Buy Now, Pay Later Trend
Photo: Kasper Ravlo via 123RF Buy Now, Pay Later (BNPL) has emerged as a widespread and disruptive consumer purchasing and finance trend in recent years. This payment mode allows consumers to make purchases immediately and defer the payment in installments. While BNPL has gained immense popularity, it brings with it advantages and potential pitfalls for […]