Jan 26, 2022 | Financial Literacy, News
Experian Report: Nearly 1 in 5 American Adults Do Not Have Conventional Credit Score New research released by Experian and Oliver Wyman found that 106 million American consumers cannot secure credit at mainstream rates because they have a subprime credit score, are...
Jan 17, 2022 | Financial Literacy, News
Survey Finds 40% of Credit Card Debtors Don’t Know Their Interest Rate A recent consumer survey commissioned by Bankrate found that 40 percent of credit card debtors don’t know the interest rate on their primary card with a balance. Bankrate measured the average...
Jan 7, 2022 | Financial Literacy, News
2/3 of Adults Not Optimistic Personal Finances Will Improve in 2022 According to a recent Bankrate survey, two-thirds of U.S. adults anticipate no improvement in their personal finances in 2022. While 42 percent of Americans said their financial situation will stay...
Jan 3, 2022 | Financial Literacy, News
Equifax Adding BNPL Plans to Credit Reports This year, Equifax Inc. will start recording Buy Now, Pay Later (BNPL) installment plans on credit reports to give lenders a more complete picture of consumers’ financial commitments. In recent years, Buy Now, Pay Later...
Nov 22, 2021 | Federal Regulation, Financial Literacy, News
Democratic Senators Push CFPB to Reform Credit Reporting Last week, in a letter sent to CFPB Director Rohit Chopra, seven Democratic Senators urged the Consumer Financial Protection Bureau (CFPB) to take steps toward reforming the credit reporting industry....
Nov 12, 2021 | Federal Regulation, Financial Literacy, News
CFPB Report Finds People of Color and Young Borrowers More Likely to Have Disputes on Credit Report The Consumer Financial Protection Bureau (CFPB) recently released Disputes on Consumer Credit Reports, part of a series of reports on consumer credit trends created...