For community and regional banks, letters of credit remain one of the most valuable and often underappreciated tools for supporting local businesses engaged in domestic and international trade. Even ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Thomas J. Brock is a CFA and CPA with more than 20 years of experience in various areas ...

Many consumers in Southern California have been receiving unnecessary notices claiming that their credit is in danger—or not good at all. “What the heck? Here I am, a former speaker and government ...

A January 2026 decision from the U.S. District Court for the Southern District of New York held that an auto-extension clause in a letter of credit did not create an evergreen instrument (resulting in ...