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...
Sep 11, 2024 | Financial Literacy, News
Study Finds 7 in 10 US Consumers Stressed About Personal Finances A recent PYMNTS Intelligence report, “No-Wait Wages: Leveraging Instant Payments to Boost Employee Satisfaction,” found that 70 percent of U.S. consumers feel stressed about their personal finances,...
Sep 5, 2024 | Financial Literacy, News
Americans Say Not Saving for Retirement and Emergencies are Top Financial Regrets, Study Finds A recent Bankrate survey found that 77 percent of Americans have a financial regret. 22 percent say they regret not saving for retirement early enough, and 18 percent regret...
Jun 5, 2024 | Financial Literacy, News
Younger Consumers Struggling to Pay Credit Card Debts A recent report on first quarter household debt by the Federal Reserve Bank of New York found the share of credit card debt over 90 days past due rose to 10.7 percent in the first quarter, which is a 14-year high....
Apr 4, 2024 | Financial Literacy, News
Delinquencies Rise Across All Credit Tiers, Study Finds According to the latest installment of VantageScore’s Credit Gauge, delinquencies rose in February 2024 across all credit tiers and products (auto loans, credit cards, mortgages, and personal loans). Early-stage...
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...
