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 24, 2022 | Federal Regulation, News
Biden Nominates Three to Fed Board of Governors Recently, President Biden announced nominations of three top officials to the Federal Reserve Board of Governors: former Treasury Department Deputy Secretary Sarah Bloom Raskin for Fed chair of supervision, and Michigan...
Jan 21, 2022 | Congressional Legislation, News
Banking Chairman Brown and Democratic Colleagues Push CFPB to Improve Lending for Women-owned, Minority-owned, and Small Businesses U.S. Senator Sherrod Brown (D-Ohio), Chairman of the Senate Committee on Banking, Housing, and Urban Affairs, and several of his...
Jan 19, 2022 | Banks & Credit Unions, News
Bank of America Cutting Overdraft Fees to $10, Eliminating NSF Fees As banks across the country examine their overdraft policies under criticism from consumer advocates, with several eliminating overdraft fees altogether, Bank of America recently announced that it is...
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 14, 2022 | Federal Regulation, News
CFPB Report Claims Credit Bureaus Deficient in Responding to Consumer Complaints A recent analysis by the Consumer Financial Protection Bureau (CFPB) found that the three major credit reporting agencies—Equifax, Experian, and TransUnion—reported relief in response to...
