This Week In Credit Card News: Don’t Lend Cash To Loved Ones; Concerns About Facebook Cryptocurrency

Lending Cash to Loved Ones Ends Badly for Nearly Half of Americans According to Bankrate’s latest survey, 60% of Americans have helped out a friend or family member by lending cash with the expectation of being paid back, while 17% have lent their credit card and 21% have co-signed for a financial product like a loan or rental. But more than a third who participated in at least one of these activities were negatively impacted, resulting in lost money, a damaged credit score or harmed relationshi…

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