Nov 14, 2024 | Financial Literacy, News
Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs In light of the recent election, PYMNTS Intelligence found that more than 66 percent of consumers across all income levels are living paycheck to paycheck, which is up from 56 percent who...
Nov 12, 2024 | Federal Regulation, News
CFPB Under Incoming Trump Administration Likely to Roll Back Credit Card and Banking Rules The Consumer Financial Protection Bureau (CFPB) will likely reverse several of its Biden-era rules and scale back its regulatory agenda after President-elect Donald Trump...
Nov 7, 2024 | Congressional Legislation, News
Senate Banking Committee Chairman Sherrod Brown Loses Reelection as Senate Flips to Republican Control Bernie Moreno, Republican car salesman and entrepreneur, has defeated incumbent Senator Sherrod Brown (D-Ohio), the chair of the Senate Banking Committee, who is...
Oct 31, 2024 | Federal Regulation, News
CFPB Finalizes Rule on Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently finalized its Personal Financial Data Rights Rule which it says is designed to give consumers greater privacy, security, and rights over their personal...
Oct 29, 2024 | Financial Literacy, News
Majority of Americans Feel Behind on Emergency Savings, Survey Finds A recent Bankrate survey found that 62 percent of Americans feel behind on their emergency savings, including 26 percent who say they feel slightly behind and 37 percent who say they are...
Oct 23, 2024 | Federal Regulation, News
CFPB Ramping Up Enforcement Efforts with SCOTUS Decision in Rear View The Consumer Financial Protection Bureau (CFPB) recently began to revive its enforcement efforts, as the U.S. Supreme Court (SCOTUS) has mostly settled questions regarding the bureau’s funding after...
Oct 17, 2024 | Financial Literacy, News
Consumer Delinquency Expectations Reach Highest Level Since April 2020 In September, U.S. consumers’ delinquency expectancy increased for the fourth month in a row to reach its highest number since April 2020, according to a recent press release regarding the Survey...
Oct 15, 2024 | Financial Literacy, News
Nearly 8 in 10 Millennials and Gen Z Get Financial Advice from Social Media According to a recent PYMNTS Intelligence report, titled “The New Challenges Facing Finance: Algorithms, Finfluencers and the Quest for Reliability,” 79 percent of millennial and Gen Z...
Oct 9, 2024 | Federal Regulation, News
CFPB Issues Warning to Medical Debt Collectors The Consumer Financial Protection Bureau (CFPB) has started crafting a bill that would bar the reporting of medical debt on consumer credit reports, part of a broader push by the agency against medical debt. The CFPB has...
Oct 3, 2024 | Congressional Legislation, Federal Regulation, News
Senate Democrats Ask CFPB to Enact Stricter Guardrails for BNPL Providers Several Senate Democrats wrote a letter to the Consumer Financial Protection Bureau (CFPB) urging the agency to establish stricter guidelines for buy now, pay later (BNPL) lenders and arguing...
