Today’s top news headlines feature methods parents are using to make back-to-school shopping more affordable and Americans weigh in on the most pressing economic issues. Plus, find out how homeowners are reacting to falling property values.
Parents Plan To Curb Spending On School Supplies This Fall Reuters Consumers continue to pare down their spending, and this year’s back-to-school shopping season may be affected by this trend, a new study reveals. America’s Research Group revealed 65 percent of parents will spend the same amount of money or less on school items as they did last year. In ad
Today’s top news headlines feature states that spend the most on healthcare for the impoverished and new consumer confidence statistics. Plus, find out why the mancession may be rapidly coming to an end.
Mancession Takes A Dramatic Turn For The Better Fortune New data from the Pew Research Center reveals men are outpacing women when it comes to securing new positions, and are also beginning to take on jobs that were traditionally geared toward females. As an example, analysts show the number of men graduating from nursing school has risen significantly. T
Banks always come up with new innovative ideas to earn revenue out of you. The latest idea is not to hit you with a new fee, but instead to use shopping data to their advantage. Most of the nation’s leading banks are now using information from their consumer’s shopping habits. They look into where they do their shopping, the amount they spend, what they purchase etc. This bit of data is then used by them to make money.
Retailers offer targeted discounts through the banks, based on this data. It is sent through email, text messages, or through the online statements that are generated by the banks.
Your data is not exactly handed over to the retailers by the banks. But
Many people will recognize it: that dread sinking feeling in the pit of your stomach when your mortgage, auto loan or credit card application is refused. Its almost as bad when a bank quotes a range of loan or credit card rates in its promotional literature, and you end up with a rate thats uncomfortably high. You ask yourself: What have I done wrong now?
Credit score information disclosure to improve
Well, soon lenders will be required to tell you what they think youve done wrong.
President Obama announced on Sunday that he will nominate Richard Cordray, who aggressively pursued cases against banks over illegal mortgage practices, to lead new consumer finance watchdog agency, the Consumer Financial Protection Bureau. Cordray already works for the bureau as director of its enforcement team.
The decision ducks a fight over Elizabeth Warren, the controversial former Harvard law professor widely credited with creating the agency.
“Richard Cordray has spent his career advocating for middle class families, from his tenure as Ohio’s Attorney General, to his most recent role as heading up the enforcement division at the CFPB and looking out for ordinary people in our financial system,” Obama said in his prepared statement.
The CFPB was created by the Dodd-Frank financial reform act of 2010. It se
According to CUNA’s 2011-2012 Survey of Potential Members, roughly 70% of consumers age 18 to 24 are “not at all familiar” with credit unions. This startling fact should have credit unions shaking in their boots, but many have stepped up to the challenge to prove to generation Y that credit unions can be cool.
Here are a few innovative methods credit unions are using to appeal to a younger demographic.
Creative Contests
Elevations Credit Union has launched an imaginative limerick-themed contest, encouraging members to submit a rhyming five line poem about their dislike for big banks. The g
Today’s top news headlines feature methods parents are using to make back-to-school shopping more affordable and Americans weigh in on the most pressing economic issues. Plus, find out how homeowners are reacting to falling property values.
Today’s top news headlines feature states that spend the most on healthcare for the impoverished and new consumer confidence statistics. Plus, find out why the mancession may be rapidly coming to an end.
Banks always come up with new innovative ideas to earn revenue out of you. The latest idea is not to hit you with a new fee, but instead to use shopping data to their advantage. Most of the nation’s leading banks are now using information from their consumer’s shopping habits. They look into where they do their shopping, the amount they spend, what they purchase etc. This bit of data is then used by them to make money.
President Obama announced on Sunday that he will nominate Richard Cordray, who aggressively pursued cases against banks over illegal mortgage practices, to lead new consumer finance watchdog agency, the Consumer Financial Protection Bureau. Cordray already works for the bureau as director of its enforcement team.