For the First Time Consumers Will Get Federal Assistance on Complaints On October 26st, the Consumer Financial Protection Bureau (CFPB) began accepting consumer complaints about credit reporting, giving consumers individual-level complaint assistance for the first time at the federal level. “Credit reporting companies exert great influence over the lives of consumers. They help determine eligibility for loans, housing, and sometimes jobs,” said CFPB Director Richard Cordray. ...
Category: Personal Finance
‘Unbanked’ Economy Traps Many St. Louisans
St. Louis Post-Dispatch, September 13.2012 A growing number of American households don't have a checking or savings account, a clear sign of much deeper financial instability. The percentage of households in the St. Louis region that are 'unbanked' rose to an estimated 9.7 percent in 2011, according to a survey released by the Federal Deposit Insurance Corp. Wednesday, an increase from 7.6 percent in 2009, when the survey was last conducted. The percentage of unbanked Afri ...
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