Oct 26, 2022 | Federal Regulation, Financial Literacy, News
CFPB Report Details Impacts of Overdraft Fees on Economically Insecure Older Adults The Consumer Financial Protection Bureau recently released a report highlighting how overdraft fees affect economically insecure older adults. Most financial institutions charge an...
Oct 7, 2022 | Financial Literacy, News
LendingClub CEO: Paycheck-to-Paycheck Living is Akin to the Climate Crisis PYMNTS recently partnered with LendingClub to produce the “New Reality Check: the Paycheck-to-Paycheck Report,” which tracks how Americans are affording the cost of living. LendingClub CEO...
Oct 3, 2022 | Financial Literacy, News
Report Finds that More Americans Carry Credit Card Debt for Longer Periods of Time A recent survey conducted by YouGov for CreditCards.com reports a 10 point rise from last year in the number of people who have been in credit card debt for 12 months or more. According...
Sep 23, 2022 | Financial Literacy, News
Morning Consult Study Finds 3/5 of Student Loan Borrowers Won’t Be Able to Afford Repayments When Moratorium Ends in January A recent Morning Consult survey found that with the federal student loan payment moratorium ending next year, a majority of borrowers do...
Sep 16, 2022 | Financial Literacy, News
Credit Card Interest Rates Hit 26-Year High Last week, the average interest on variable-rate credit cards reached 18.03 percent, the highest rate seen since January 1996, according to recent Bankrate data. Since June 25, rates charged to cardholders have increased by...
Sep 14, 2022 | Financial Literacy, News
Majority of Americans Say Inflation is Causing Financial Hardship A recent Gallup poll found that a majority of Americans are facing moderate or severe financial hardship due to inflation-driven price increases. 56 percent of respondents said they are experiencing...