Nov 16, 2022 | Federal Regulation, News
Arizona Voters Approve New Limits on Consumer Debt Collection In last week’s elections, Arizona voters approved Proposition 209, a measure that will lower interest rates on medical debt and raise borrower protections from debt collectors. Although the measure had...
Nov 14, 2022 | Banks & Credit Unions, News
Credit Card Debt Back to Pre-Pandemic Levels In September, total credit card balances in the U.S. jumped to $916 billion, which is almost identical to where it was before the pandemic, according to credit-reporting firm Equifax. Balances rose 9 percent from January,...
Nov 11, 2022 | Congressional Legislation, News
Three Days after Election, Control of House and Senate Still Undecided; Key Financial Services Policymakers Win Re-Election While Republicans were widely expected by most prognosticators to take a sizeable majority in the House of Representatives and have a chance at...
Nov 9, 2022 | Federal Regulation, News
CFPB Launches Rulemaking Process to Strengthen Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently launched a rulemaking process which it says is intended to help strengthen consumers’ control over and access to their financial...
Nov 9, 2022 | Financial Literacy
Why You Should Pay More Than the Minimum Balance on Your Credit Card As detailed in a previous blog, credit cards can offer convenience and flexibility, and some even offer rewards. Often, credit cards make it possible to afford larger purchases when you don’t have...
Nov 7, 2022 | Financial Literacy, News
U.S. Personal Savings Rates Drop to Lowest Point Since Great Recession The U.S. personal saving rate, or what percentage of a consumer’s disposable income is left over after they pay taxes and spend money, reached its lowest level since the Great Depression when it...
