Apr 9, 2025 | Banks & Credit Unions, Financial Literacy, News
Debt Causing Nearly Two in Three Americans Carrying Credit Card Debt to Delay or Avoid Other Financial Decisions, Study Finds According to a new Bankrate report, 64% of U.S. adults carrying credit card debt have delayed or avoided other financial decisions as a result...
Dec 19, 2024 | Banks & Credit Unions, Federal Regulation, News
CFPB Rule Limits Overdraft Fees to $5 The Consumer Financial Protection Bureau (CFPB) recently announced a new rule set to go into effect in October 2025 to regulate overdraft programs. Under the new regulations, large financial institutions must choose one of three...
Sep 17, 2024 | Banks & Credit Unions, Financial Literacy, News
Loan Delinquencies Beginning to Level Off Bankers and industry analysts recently said that U.S. consumers’ late payments on credit cards and other loans have leveled off in recent months after rising earlier this year. Delinquency rates fell to just over 2 percent in...
May 8, 2024 | Banks & Credit Unions, News
Federal Reserve Survey of Lending Officers Finds U.S. Banks Reported Stricter Credit Standards in Q1 2024 According to the Federal Reserve’s “April 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices,” released on Monday, many banks tightened their...
Apr 24, 2024 | Banks & Credit Unions, Federal Regulation, News
CFPB Report Finds Overdraft and NSF Revenue Down More Than 50 Percent in 2023 vs. Pre-Pandemic Levels According to a new report issued by the Consumer Financial Protection Bureau (CFPB), overdraft and nonsufficient funds (NSF) revenues dropped by $6.1 billion since...
Mar 13, 2024 | Banks & Credit Unions, Financial Literacy, News
New Report Finds Half of Loan Applicants Have Been Denied Since Fed Rate Increases Began Two Years Ago According to a new Bankrate report, half of applicants have been turned down for a loan or financial product since the Federal Reserve began raising interest rates...
