Data Breach at Major Credit Bureau Captures 143 Million Americans

Data Breach at Major Credit Bureau Captures 143 Million Americans

Equifax, one of the big three credit bureaus relied upon by million of consumers each year to tabulate credit scores, announced a massive breach on September 7th resulting in the exposing of sensitive information for more than 143 million Americans. The breach itself...
NAFSA files Amicus Brief with United States Supreme Court

NAFSA files Amicus Brief with United States Supreme Court

On Tuesday September 5, 2017, NAFSA successfully filed with the United States Supreme Court an Amicus Brief in support of the petition for certiorari in case no. 17-184, Great Plains Lending, LLC, and Plain Green, LLC v. Consumer Finance Protection Bureau. Below is...
Fed Study Concludes FinTech Boosts Financial Inclusion

Fed Study Concludes FinTech Boosts Financial Inclusion

The Federal Reserve Bank of Philadelphia recently found that consumers in underserved credit markets (like areas that have experienced bank closures) benefit from the additional credit supply provided by online lenders. In particular, study data showed that the online...
BLS Releases Report On Consumer Spending

BLS Releases Report On Consumer Spending

The Bureau of Labor Statistics reported late last week that consumer spending was up 2.4% in 2016 to $57,311, but fell short of the 4.6% increase in 2015. Expenditures rose sharply for rental housing last year, as rental spending once again outpaced mortgage expenses....

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