Aug 29, 2022 | Financial Literacy, News
Bankrate Survey Finds Nearly 7 in 10 Americans Worried About Possible Recession and Taking Steps to Prepare A recent Bankrate.com survey found that nearly 7 in 10 U.S. adults admit they are worried about a possible recession by the end of next year. 29 percent of...
Aug 26, 2022 | Federal Regulation, News
FDIC Says Banks Charging Multiple NSF Fees on Same Transaction Could Violate Law The Federal Deposit Insurance Corp. (FDIC) recently warned banks it supervises that it will consider enforcement action if they charge multiple nonsufficient-fund (NSF) fees on the same...
Aug 24, 2022 | Federal Regulation, News
CFPB Issues Interpretive Rule Saying Big Tech Digital Marketers Can be Held Liable for Unfair and Deceptive Practices Earlier this month, the Consumer Financial Protection Bureau (CFPB) issued an interpretive rule warning that digital marketing providers must comply...
Aug 22, 2022 | Financial Literacy, News
N.Y. Fed Finds that Student Loan Freeze Led to Improvements in 30 Million Consumers’ Credit Scores Economists at the Federal Reserve Bank of New York said that the freeze on student loan payments from the pandemic drastically improved credit scores of Americans...
Aug 19, 2022 | FinTech, News
BNPL Lenders Want In On Credit Reports With Buy Now, Pay Later (BNPL) products continuing to gain in popularity as a payment method for consumers, some in the BNPL industry are now exploring ways to report data about consumers’ repayment of BNPL loans to credit...
