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...
Feb 22, 2024 | Financial Literacy, FinTech, News
Americans With Lower Credit Scores Use BNPL More Often New research from the Federal Reserve Bank of New York found that Americans already facing financial hardship are more frequent and intensive users of “buy now, pay later” (BNPL) offerings, with the majority of...
Feb 20, 2024 | Financial Literacy, News
New York Cracks Down on Credit Card Surcharges Earlier this month, a New York state law went into effect that mandates merchants provide more transparency surrounding credit card fees. It limits credit card surcharges to the amount charged to the business by the...
Feb 6, 2024 | Financial Literacy, News
Bankrate Report Finds Only 44% of Adults in US Would Pay $1000 Emergency Expense from Savings Bankrate’s annual emergency savings report found that only 44 percent of U.S. adults say they would pay a minimum $1,000 emergency expense from their savings, which is up one...
Jan 11, 2024 | Financial Literacy, News
33% of Consumers Saw Credit Scores Decline After Unexpected Expense A recent report by PYMNTS Intelligence and Sezzle entitled “Credit Card Use During Economic Turbulence” found that roughly 60 percent of all consumers had an unexpected expense in the last year,...
Jan 3, 2024 | Financial Literacy, News
Nearly 2/3 of Americans Do Not Expect Personal Financial Situation to Improve in 2024 A new Bankrate survey found that 63 percent of Americans do not expect their personal financial situation to improve in 2024. More than a quarter (26 percent) believe their financial...