Jul 11, 2022 | Financial Literacy, News
New Fed Data Shows Consumer Credit Usage Hit Record High in May According to new data released by the Federal Reserve last week, consumer borrowing rose by $22.3 billion between April and May, pushing total outstanding credit to a record high. Despite reaching a new...
Jul 8, 2022 | Financial Literacy, News
Credit Reporting Companies Introduce First Phase of Changes to Medical Collection Debt on Credit Reports Earlier this month, Equifax, Experian, and TransUnion introduced the first phase of changes to medical debt that was announced earlier in the year. All medical...
Jul 6, 2022 | Financial Literacy, News
Survey: Majority of Americans Uncomfortable with Emergency Savings as Balances Decline A recent Bankrate report found that 34 percent of Americans have less emergency savings than they did one year ago, and only 24 percent have more. Consequently, 58 percent of...
Jul 1, 2022 | Financial Literacy, News
Survey Finds 41% of Americans Now Need Side Gig Income for Living Expenses A Bankrate survey released last week found that 41 percent of American adults who have side jobs need it to cover their living expenses instead of putting it into a savings account or using it...
Jun 17, 2022 | Financial Literacy, News
CFPB Releases Office of Servicemember Affairs Annual Report On Monday, the Consumer Financial Protection Bureau (CFPB) released its annual report detailing the top financial concerns from servicemembers, veterans, and military families. Since 2011, these groups have...
Jun 10, 2022 | Financial Literacy, News
Report Finds 61% of U.S. Consumers, Including 36% of Consumers Earning More than $250k Annually, Living Paycheck-to-Paycheck A report produced through a collaboration with PYMNTS and LendingClub and released earlier this month found that a growing number of consumers...