Jan 12, 2022 | Banks & Credit Unions, News
Study Finds Younger Generations Paying More in Monthly Banking Fees than Older Generations A recent Bankrate survey found that Gen Z and millennial account holders pay on average more than three times as much in monthly bank fees than older generations. Checking...
Jan 10, 2022 | FinTech, News
Visa and Mastercard Teaming Up with Fintechs to Provide Financial Services to Unbanked in Latin America Visa and Mastercard have recently revealed plans to partner with fintechs to help provide increased financial access to consumers in Latin America, a population...
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 5, 2022 | Federal Regulation, News
FDIC Chair McWilliams to Resign in Early February In a surprising move that comes after weeks of partisan infighting at the agency, Federal Deposit Insurance Corporation (FDIC) Chairwoman Jelena McWilliams announced on December 31 that she would be resigning as...
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...
Dec 31, 2021 | Federal Regulation, News
OCC Outlines Climate Risk Standards for Big Banks Earlier this month, the Office of the Comptroller of the Currency (OCC) requested public feedback on draft supervisory principles designed to support the identification and assessment of climate-related financial risks...
