Aug 12, 2022 | FinTech, News
BNPL Providers Building Rewards Programs to Compete Recently, with several buy now/pay later (BNPL) fintechs’ valuations having collapsed and a proposed merger falling through, many BNPL providers are launching rewards programs. Although the dollar value of rewards...
Aug 10, 2022 | Financial Literacy, News
Equifax Sent Lenders Inaccurate Credit Scores on Millions of Consumers For three weeks earlier this year, Equifax Inc. sent inaccurate consumer credit scores to lenders resulting in denied applications and higher interest rates for millions of borrowers. Blaming the...
Aug 8, 2022 | Congressional Legislation, News
Senate Indian Affairs Chairman Praises Senate-Passed Inflation Reduction Act’s Funding for Native Communities Yesterday, the U.S. Senate passed its Inflation Reduction Act, legislation the Democratic majority put forward to combat climate change, lower health care...
Aug 5, 2022 | Financial Literacy, News
Credit Card Debt For Gen Z Consumers Increasing Almost Three Times As Fast As Other Generations Recent data released by credit score company VantageScore found that consumers aged 25 and under (Generation Z) saw their credit card balances increase by 30 percent in the...
Aug 3, 2022 | Congressional Legislation, News
Senate Democrats Reintroduce Fair Access to Financial Services Act Last week, a group of Democratic Senators led by Banking Committee Chairman Sherrod Brown (D-Ohio) reintroduced the Fair Access to Financial Services Act, legislation that prohibits banks from...
