Jul 16, 2021 | Banks & Credit Unions, News
Consumer Borrowing Surged in May by Most on Record American consumers have started borrowing more as the economy recovers from COVID-19, especially in auto loans and leases, general-purpose credit cards, and personal loans. Bloomberg economists predicted an $18...
Jul 14, 2021 | Federal Regulation, News
CFPB Consumer Complaint Bulletin Highlights Consumer Difficulties During Pandemic Earlier this month, the Consumer Financial Protection Bureau (CFPB) released a complaint bulletin highlighting difficulties consumers faced throughout the COVID-19 pandemic concerning...
Jul 9, 2021 | Congressional Legislation, News
House Financial Services Committee Holds Hearing on Proposals to Overhaul Credit Reporting The House Financial Services Committee (HFSC) recently held a hybrid hearing entitled “A Biased, Broken System: Examining Proposals to Overhaul Credit Reporting to Achieve...
Jul 7, 2021 | Financial Literacy, News
Increased Consumer Activity Driving Wages Up for Restaurant and Hospitality Workers As the economy recovers from COVID-19 and pandemic-related restrictions are lifted, low-wage workers are increasingly finding jobs and getting pay increases. The U.S. Bureau of Labor...
