The cost of U.S. consumer goods and services went up again in January, as inflation remained largely unwavering. The January Consumer Price Index (CPI), which was released on Wednesday (Feb. 10) by the Bureau of Labor Statistics (BLS), went up 0.3 percent after climbing 0.4...
A good game, one that attracts hundreds of millions of players and dollars in the app store, can take all kinds of forms. There are complicated adventures, simple puzzles, first-person shooters and even music lessons. And although it’s not exactly attracting Candy Crush numbers, new...
Jack Henry & Associates, which offers a technology platform for financial institutions (FIs), is branching out with a new line of business, dubbed Jack Henry Consumer Loans. The company said that its “simplified digital process” offers FIs “a unified solution to create, manage and support...
Rohit Chopra, a commissioner at the Federal Trade Commission (FTC), has been tapped by President-elect Joe Biden to head the Consumer Financial Protection Bureau (CFPB), according to a press release from Biden’s transition website. Gary Gensler, former head of the Commodity Futures Trading Commission under...
Despite a raging pandemic, widespread unemployment and a fragile economy, U.S. consumers paid more of their bills on time last year, resulting in the largest improvement in personal credit scores in more than a decade. According to Experian’s 2020 Consumer Credit Review, the national average...
Goldman Sachs is testing a wealth management app for the masses. The bank has reportedly begun internal testing of the digital service, called Marcus Invest, with a larger rollout planned for early 2021, according to CNBC. CNBC said the service will utilize some of the...
Credit rating giant TransUnion is rolling out a new service it says will save time and money for lenders and other businesses seeking credit information on potential borrowers and other customers. With the launch of the new TransUnion Income and Employment Verification service, the Chicago-based credit rating...
Americans have a financial literacy problem — or to be totally accurate, they have two financial literacy problems. The first is the obvious — as a group Americans aren’t very financially literate. By the numbers, roughly two-thirds of American consumers can’t pass a basic financial literacy exam. But that isn’t the...
The consumer spending slowdown was due to happen, following the burst of activity and demand that had been hemmed in by the coronavirus. With a bit of tailwind from stimulus spending on steroids, of course. The question is: How long can it all last? On...
