Jun 22, 2020 | Banks & Credit Unions, News
World Bank Predicts Worst Global Economic Downturn Since 1940s Earlier this month, the World Bank released an updated “Global Economic Prospects” report predicting, among other things, that millions of people around the world would shift into extreme poverty due to...
Jun 19, 2020 | Congressional Legislation, News
Senator Brown Proposes Privacy Bill to Protect Consumer Data Senator Sherrod Brown (D-Ohio) earlier this week released the Data Accountability and Transparency Act of 2020, a draft privacy bill that would allow Americans to hold the federal government, tech companies,...
Jun 16, 2020 | FinTech, News, Online Lending
Income & Employment Trends During COVID-19 Unemployment claims have exceeded 36 million in America, and our economy is experiencing a shift no one saw coming. In these unprecedented times, consumers have taken drastic measures that are changing their borrowing...
Jun 15, 2020 | Banks & Credit Unions, News
New York Fed Says Consumers Were More Optimistic About Economy in May According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations for May 2020, Americans grew more optimistic about the state of the economy compared to April. However,...
Jun 12, 2020 | Financial Literacy, News
Experian Report Shows Decreased Delinquency Rates on Auto Loans in Q1 2020 According to Experian’s most recent State of the Automotive Finance Market Report, delinquency rates on automotive loans went down during the first quarter of 2020, even as the industry dealt...
