Oct 12, 2020 | Banks & Credit Unions, News
Bank of America Announces Plans to Offer Short-Term Loans Last week, Bank of America Corp. unveiled plans to offer short-term loans to customers that have had checking accounts for more than a year. Under the new plan, customers can borrow up to $500 for a flat $5...
Oct 9, 2020 | Federal Regulation, News
Reshaped Supreme Court Could Aim at Regulatory Power After the death of Justice Ruth Bader Ginsburg last month and the subsequent nomination of Judge Amy Coney Barrett to replace her on the Supreme Court, many expect the reshaped, conservative-dominated Court to be...
Oct 7, 2020 | Federal Regulation, Financial Literacy, News
Fed Consumer Finance Survey Shows Increased Online Banking Usage and Higher Debt Burdens The Federal Reserve’s most recent Survey of Consumer Finances showed an increased engagement in online banking, an attempt to grow savings, and a higher debt burden held by...
Oct 5, 2020 | Financial Literacy, FinTech, News
Experian Report Shows Lenders Believe Alternative Credit Data Improves Financial Access for Consumers Last month, Experian released its most recent State of Alternative Data report, highlighting lender and consumer awareness about leveraging alternative credit data in...
Oct 2, 2020 | Federal Regulation, Financial Literacy, News
CFPB Issues Report on Perceived Financial Preparedness, Security, and Saving A recent report from the Consumer Financial Protection Bureau (CFPB) examines the relationship between saving money and more objective measures of consumers’ financial situations, like...
Sep 30, 2020 | Congressional Legislation, News
House Passes Ten Bipartisan Financial Services Bills The United States House of Representatives recently passed ten financial services bills, including legislation to protect consumers and investors from pandemic-related fraud, develop more flexible CARES Act funding,...
