Feb 7, 2022 | Financial Literacy, News
Experian Launches Program to Help “Credit Invisibles” Begin Building Credit Last month, Experian launched Experian Go, a free program to help “credit invisibles”—or consumers with no credit history—start to build credit profiles. Nearly 50 million consumers have a...
Feb 4, 2022 | Financial Literacy, News
Only 44 % Of Americans Could Cover Unplanned $1,000 Expense From Savings, Survey Finds A recent Bankrate survey found that just 44 percent of Americans could cover an unexpected $1,000 expense from savings, like a car repair or emergency room bill. This is the highest...
Feb 2, 2022 | Federal Regulation, News
CFPB Scrutinizing Credit Card Industry Interest and Fees The Consumer Financial Protection Bureau (CFPB) last month took aim at credit card issuers and announced that it was looking at whether credit card companies are participating in unfair or anti-competitive...
Jan 31, 2022 | Banks & Credit Unions, Financial Literacy, News
18% of Consumers Reported Overdrafting Account in December, Rising from 14% in August Recent polling data from Morning Consult found that nearly one in five consumers with a credit union or bank account—18 percent—reported overdrafting the account in December, up from...
Jan 28, 2022 | Banks & Credit Unions, News
Wells Fargo, Small Banks Launch Short-Term Loan Products Wells Fargo recently announced plans to offer a short-term credit product that it expects to be in the marketplace by the end of this year. The loans will provide amounts up to $500 at a flat rate that has not...
