May 12, 2023 | Financial Literacy, News
More than Half of Americans Could Not Cover a Surprise $400 Expense, New Survey Finds A recent poll conducted by Morning Consult for Bloomberg News found that most Americans would not be able to cover a surprise $400 expense without going into debt. Roughly one-third...
May 10, 2023 | News, Tribal Sovereignty
Catawba Indian Nation Passes Banking Code to Attract Banks and Fintechs Last month, the Catawba Indian Nation in South Carolina passed a banking code to attract both traditional and new financial activity to its reservation. It is headed by the Catawba Digital...
May 8, 2023 | Financial Literacy, News
Almost 3/4 of Millennials Living Paycheck to Paycheck, Report Finds A new PYMNTS report in collaboration with LendingClub found that 73.2 percent of millennials, nearly three quarters, are living paycheck to paycheck, which is a significantly higher share than other...
May 5, 2023 | Banks & Credit Unions, Federal Regulation, News
FDIC and OCC Take Aim at Certain Overdraft Practices Last month, the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corp. (FDIC) warned financial institutions about overdraft practices that they consider unfair or deceptive, saying...
May 3, 2023 | Financial Literacy, News
80 Million Consumers Lack Reliable Credit Access, Report Finds A recent PYMNTS report in collaboration with Sezzle entitled “How Credit Insecurity Is Changing U.S. Consumers’ Borrowing Habits” found that 31 percent of U.S. consumers—nearly 80 million individuals—are...
May 1, 2023 | Congressional Legislation, News
House Financial Services Committee Passes CFPB Reform Bill During a House Financial Services Committee markup last week, 14 legislative proposals passed the committee, clearing them for consideration before the full House. One of these, the CFPB Transparency and...
