Majority of Americans Say Inflation is Causing Financial Hardship
Majority of Americans Say Inflation is Causing Financial Hardship A recent Gallup poll found that a majority of Americans are facing moderate or severe financial hardship due to inflation-driven price increases. 56 percent of respondents said they are experiencing...
OCC Head Indicates Scrutiny of Bank-Fintech Relationships May Be on the Horizon
OCC Head Indicates Scrutiny of Bank-Fintech Relationships May Be on the Horizon Speaking before a conference of bankers in New York hosted by the Bank Policy Institute and the Clearing House Association last week, Acting Comptroller of the Currency Michael Hsu said...
CFPB Issues Report Detailing Family Finances and Debt in Rural Appalachia
CFPB Issues Report Detailing Family Finances and Debt in Rural Appalachia Last week, the Consumer Financial Protection Bureau (CFPB) issued the first in a series of reports about the finances of consumers in rural areas, with this first report focusing on consumers in...
After Jumping During Pandemic, Credit Scores Have Leveled Off
After Jumping During Pandemic, Credit Scores Have Leveled Off FICO credit scores have stabilized this year after significantly increasing at the start of the COVID-19 pandemic, breaking an almost decade-long streak of upward movement as consumer debt and missed...
Mary Peltola Wins Special Election, Becoming the First Alaska Native Elected to Congress
Mary Peltola Wins Special Election, Becoming the First Alaska Native Elected to Congress Last week, Mary Peltola, a Yup’ik Alaska Native, was declared the winner in a special election for Alaska’s at large Congressional seat, which became vacant when Rep. Don Young...
Analyst: In the Future Everyone Will Be Unbanked (By Choice)
Analyst: In the Future Everyone Will Be Unbanked (By Choice) Last week, a new article appearing in Morning Consult and written by Morning Consult’s financial services analyst examines recent data to break down the banking status of U.S. adults. One of its prime...
Bottom 50% of Americans Building Wealth Despite Inflation
Bottom 50% of Americans Building Wealth Despite Inflation Recent economic data filtered through the Realtime Inequality tracker revealed that the bottom 50 percent of U.S. households, mostly those who had a net worth of $166,000 or less before the pandemic, are in...
Native American Financial Services Association Celebrates Ten Years of Advocating for Tribal Sovereignty
Native American Financial Services Association Celebrates Ten Years of Advocating for Tribal Sovereignty Over ten years ago, Native American tribes met to officially launch the Native American Financial Services Association (NAFSA), a 501(c)(6) trade association...
