Younger Adults Now Have Less Debt But Fewer Assets
Young adults are carrying less debt than before the start of the 2008 recession, primarily because they own fewer major assets. A new analysis from the Pew Research Center released today shows that...
View ArticleHousehold Debt Increases in Fourth Quarter of 2012
Americans are slowly borrowing more to finance purchases like homes and cars. Household debt, which includes mortgages, credit cards, auto loans and student loans, rose 0.3 percent or $31 billion to...
View ArticleSenate Committee Approves Cordray to Head CFPB
The nomination of Richard Cordray to again head the Consumer Financial Protection Bureau was approved by the U.S. Senate Banking Committee by a 12-10 vote that was split down party lines. Every...
View ArticleDiscover Branches Beyond Credit Cards
Discover Financial is best known for its work in the credit card industry, leaving most to assume the company is a one-trick pony. While the company does generate 80% of its revenue from credit cards,...
View ArticleWomen Better at Handling Credit
Women may earn less than men but they are better managers of credit. According to a new report from Experian, women earn 23 percent less than men, but men have 4.3 percent more debt than women. Women...
View ArticleCFPB Now Accepting Complaints on Prepaid Cards and Gift Cards
The Consumer Financial Protection Bureau is now accepting complaints about gift cards, prepaid cards, benefit cards and general purpose reloadable cards. The bureau has also begun accepting complaints...
View ArticleCFPB Keeps Data on Nearly 600 Million Credit Card Accounts
The Consumer Financial Protection Bureau is collecting sensitive financial data on close to 600 million credit card accounts but lacks adequate privacy and security plans to protect the information,...
View ArticleClik here to view.
CFPB Issues New Rules to Help Reduce Risky Mortgages
Today, the Consumer Financial Protection Bureau announced new mortgage rules that aim to reduce risky lending and make it harder for some consumers to qualify. The rules also look to ensure that...
View ArticleThree Tips For Properly Using A Credit Card
Contrary to popular belief, credit cards can be a great way to make purchases, but only if you use them properly. That means you pay off the balance in full on time every month. You also have to be...
View ArticleThe Good News & Bad News in the Latest Debt Figures
At first glance, the latest Federal Reserve figures are encouraging, showing that household debt fell by $74 billion or 0.7 percent in the third quarter. However, the decrease is almost entirely from...
View Article
