Feb 4, 2020 | Financial Literacy, FinTech, News
FICO Announces Changes That Could Lower Consumers’ Credit Scores Fair Isaac Corp., which created the FICO credit score used by many lenders in credit decisions, recently announced a series of changes to its scoring model which the Wall Street Journal reports could...
Jan 16, 2020 | Financial Literacy, News
CFPB Issues 2019 Financial Literacy Report Last month, the Consumer Financial Protection Bureau (CFPB) issued its Financial Literacy Annual Report for fiscal year 2019, which is part of the Dodd-Frank Act’s requirements that the agency report on its work to provide...
Dec 24, 2019 | Financial Literacy, News
Last week, Experian released key findings from its annual State of Credit Report, which highlighted trends in credit and spending behaviors in advance of the new year. Included in these findings is that the average credit score for consumers reached an eight-year high...
Nov 22, 2019 | Banks & Credit Unions, Financial Literacy, News
Despite a strong, growing economy, the second annual U.S. Financial Health Pulse Trends report, issued by the Financial Health Network, revealed that the majority of Americans—roughly seven in ten adults—do not claim to be financially healthy. The report covers four...
Jul 18, 2019 | Federal Regulation, Financial Literacy, News
← Previous Article Next Article → On July 17, the Consumer Financial Protection Bureau (CFPB) updated a 2016 Advisory and Recommendations report that guides financial institutions on how to best respond to elder abuse. The new Advisory includes an updated...
May 24, 2019 | Financial Literacy, News
← Previous Article Next Article → About 40 percent of Americans would be unable to cover an unexpected expense of $400, according to a recent report by the Federal Reserve. Although there have been improvements in the financial well being of many Americans,...
