Sep 9, 2022 | Federal Regulation, Financial Literacy, News
CFPB Issues Report Detailing Family Finances and Debt in Rural Appalachia Last week, the Consumer Financial Protection Bureau (CFPB) issued the first in a series of reports about the finances of consumers in rural areas, with this first report focusing on consumers in...
Sep 7, 2022 | Financial Literacy, News
After Jumping During Pandemic, Credit Scores Have Leveled Off FICO credit scores have stabilized this year after significantly increasing at the start of the COVID-19 pandemic, breaking an almost decade-long streak of upward movement as consumer debt and missed...
Sep 2, 2022 | Financial Literacy, FinTech, News
Analyst: In the Future Everyone Will Be Unbanked (By Choice) Last week, a new article appearing in Morning Consult and written by Morning Consult’s financial services analyst examines recent data to break down the banking status of U.S. adults. One of its prime...
Aug 31, 2022 | Financial Literacy, News
Bottom 50% of Americans Building Wealth Despite Inflation Recent economic data filtered through the Realtime Inequality tracker revealed that the bottom 50 percent of U.S. households, mostly those who had a net worth of $166,000 or less before the pandemic, are in...
Aug 29, 2022 | Financial Literacy, News
Bankrate Survey Finds Nearly 7 in 10 Americans Worried About Possible Recession and Taking Steps to Prepare A recent Bankrate.com survey found that nearly 7 in 10 U.S. adults admit they are worried about a possible recession by the end of next year. 29 percent of...
Aug 22, 2022 | Financial Literacy, News
N.Y. Fed Finds that Student Loan Freeze Led to Improvements in 30 Million Consumers’ Credit Scores Economists at the Federal Reserve Bank of New York said that the freeze on student loan payments from the pandemic drastically improved credit scores of Americans...