Nearly 40% of Americans Facing Difficulties Making Ends Meet, Census Finds
Nearly 40% of Americans Facing Difficulties Making Ends Meet, Census Finds The Census Bureau’s most recent Household Pulse Survey showed that 38.5 percent of American adults, or 89.1 million people, faced hardship in paying their typical home expenses between April 26...
Sens. Scott, Manchin Reintroduce Credit Access and Inclusion Act
Sens. Scott, Manchin Reintroduce Credit Access and Inclusion Act Last week, U.S. Senators Tim Scott (R-S.C.), Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and Joe Manchin (D-W.Va.) reintroduced the Credit Access and Inclusion Act. The...
US Credit Card Debt Declined at Slower Pace than Usual in Q1 2023
US Credit Card Debt Declined at Slower Pace than Usual in Q1 2023 Recent data released by TransUnion shows that U.S. credit card debt declined at a slower pace than it usually does during the first quarter of each year. Since 2013, the average drop in credit card...
Report Finds Majority of U.S. Adults Say Money Has A Negative Impact on their Mental Health
Report Finds Majority of U.S. Adults Say Money Has A Negative Impact on their Mental Health A Bankrate report released earlier this month found that money has a negative impact on the mental health of 52 percent of U.S. adults, up from 42 percent in 2022. This group...
144 Current and Former Members File Amicus Brief Supporting CFPB in SCOTUS Case
144 Current and Former Members File Amicus Brief Supporting CFPB in SCOTUS Case Earlier this month, Congresswoman Maxine Waters (D-Calif.), top Democrat on the House Financial Services Committee (HFSC), and Senator Sherrod Brown (D-Ohio), Chairman of the Senate...
NY AG James Releases Draft Legislation to Regulate Crypto
NY AG James Releases Draft Legislation to Regulate Crypto New York Attorney General Letitia James, recently proposed a state law entitled The Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act, which would require independent audits of crypto... Senate Banking Committee Holds Cannabis Banking Hearing
Senate Banking Committee Holds Cannabis Banking Hearing Last week, the Senate Banking Committee held a hearing entitled “Examining Cannabis Banking Challenges of Small Businesses and Workers” to discuss cannabis banking issues, as well as bipartisan legislation aimed...
More than Half of Americans Could Not Cover a Surprise $400 Expense, New Survey Finds
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...
