Recent News

Poor Credit Report

CFPB’s Deal with Credit Bureaus Could Raise 12 Million Scores

The Consumer Financial Protection Bureau, which prides itself on being the watchdog for U.S. consumers, has been snarling at America’s three major credit bureaus for a while and finally decided to take a bite out of their bottom lines this year. The CFPB hit all three of the major credit bureaus – Experian, Equifax and […]

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Debt Collector Threats

Running Scared: Debt Collectors Who Threaten Consumers

Debt collectors frequently use threats to extract payment from the more than 70 million consumers who fall behind on their bills, the Consumer Financial Protection Bureau reports in a new study of collection industry practices. The federal agency reported that one-in-four consumers contacted by collectors in the past year felt threatened, and that more than […]

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Millennial Home Buyer Wanted

Why Millennials Aren’t Buying Homes

Data shows that homeownership among millennials is down, but that doesn’t mean they aren’t interested in buying a home. In the last two decades, homeownership in the U.S. has declined across the board and especially so for young Americans. The rate of homeownership under the age of 35 has declined 9.8 percent since 1996. So […]

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FAFSA Benefits Students

Changes to FAFSA Benefits Students

You’re a college student, and life feels grand. You have your classes picked out for next semester, and you’ve signed a lease through next year. Everything is falling into place. The last thing on your mind is filling out the Free Application for Federal Student Aid, commonly known as FAFSA. It should be the first. […]

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College Graduate Budget Computer

College Graduates Should Budget (And Save!) Right Away

When Ryan Dwyer received his undergraduate history degree from the University of South Florida in 2016, he felt a sense of accomplishment. His hard work had paid off with society’s definition of the ticket to a brighter future. But the degree has simply given him entree into another realm of much harder work: grinding through […]

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Piggy bank with stethoscope and clip board

FINRA Study Says (Some) Americans’ Financial Health Improving

American consumers say they are having an easier time paying bills and are feeling much less stress over their financial situation than they were in 2009… unless they happen to be a Millennial, a woman, Hispanic, African-American, or less-than-college educated. The 2015 National Financial Capability Study (NFCS) released by the Financial Industry Regulatory Authority (FINRA) […]

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Interest rates will not budge

Interest Rates Probably Not Budging in 2016

During Alan Greenspan’s nearly 20-year reign as Chairman of the Federal Reserve, commentators used to look at the heft of the briefcase he carried to meetings to guess whether interest rates were about to rise or fall: thin case, no change; fat case, brace yourselves. Greenspan left the Fed in 2006, not long before the […]

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CFPB changes rules regarding payday loans

Payday Loans Face Tough Rule Changes from CFPB

The Consumer Financial Protection Bureau has proposed new rules aimed at putting more responsibility on payday loan lenders and their crippling triple-digit interest rates. The CFPB proposals would require lenders to determine before making a loan whether the borrower can afford to pay it back. The CFPB proposals also call for measures that cap the […]

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How well are students keeping up with their student loans?

Who’s Paying For Student Loans

Now that the college graduation parties are over, parents and students can sit down and have a serious talk about who’s going to pay for it. College, that is, not the parties. The cost of college and how families are paying for it, has dimmed the celebration that should accompany receiving a diploma. Some people […]

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American families are having trouble with understanding finance

Financial Literacy a Tough Test for Most Americans

The latest trends in spending and debt indicate that America already has forgotten any lessons we might have learned when the bubble burst on the U.S. economy in 2008. The reputable and renowned Pew Charitable Trust says that 80% of American adults are in debt and the Federal Reserve Board says the amount we owe […]

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