Commentary: Revisiting Small Loans Rules Crucial to Maintaining Access to Credit for Vulnerable Consumers
In considering reforms to the small-dollar loan industry, lawmakers must tread carefully to avoid limiting…
Small Mortgages Are Getting Harder to Come By
Attom Data Solutions reports that small mortgages are becoming scarcer for low- and middle-income homebuyers….
CFPB Accuses Two of the Nation’s Largest Credit Repair Companies of Tricking and Cheating Customers
The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against CreditRepair.com and Lexington Law…
Boomerang Buyers: More People Who Lost Homes During Housing Crisis Are Buying Again
More people who lost homes to foreclosure or short sale during the housing crisis may…
Millennials and Gen Z Have Lowest Credit Scores of Any Generation
Millennials have some of the worst credit ratings, a new Experian report finds. FICO scores…
More Than 1 in 3 Americans Don’t Realize How They’re Affected by Bad Credit
A consumer poll by U.S. News & World Report found that 34 percent of Americans…
Prepaid Card Users Get Protection Guarantee
A Consumer Financial Protection Bureau mandate kicked in this week, compelling prepaid card issuers to…
Chase Launches Low-Cost Accounts To Win Unbanked Consumers
The percentage of unbanked people in the U.S. recently fell to the lowest rate since…
Loans Get Cheaper for Some
Borrowing costs have trended lower for some U.S. consumers in recent months, especially home buyers….
Managing Money: ‘Everyone’s Responsibility’
Especially when the economy at large faces a downturn, consumers struggle to bounce back from…
Elder Fraud on the Rise
Financial institutions are reporting an increasing number of suspicious activities involving financial abuse targeting older…
CFPB Prompts Americans to ‘Start Small, Save Up’
The Consumer Financial Protection Bureau (CFPB) announced a new “Start Small, Save Up” initiative this…
U.S. Consumer Confidence Jumps as Current Views Hit 18-Year High
U.S. consumer confidence improved in February, topping all forecasts and snapping a three-month losing streak,…
Optimism About Personal Finances Hits 16-year High: Gallup
Americans are now more upbeat about their personal finances than they have been in 16-plus…
Scamming Grandma: Financial Abuse of Seniors Hits Record
U.S. banks reported a record 24,454 suspected cases of elder financial abuse to the Treasury…
Consumers Lack Confidence in the Car Buying Process, Study Finds
As car buyers start their search for year-end deals, Capital One Auto Finance has released a study…
17% of Americans Hit by Fraudulent Bank Account Activity
As many as 17% of consumers experienced fraudulent bank account activity in 2017, up moderately…
3 straight months of highest-ever used-car prices
Following an 11-week “summer bounce” in Manheim Market Report prices, September ended up being the…