Experian, one of the nation’s three preeminent credit reporting agencies, has been fined $3 million by the Consumer Financial Protection Bureau.
What was the infraction that warranted this $3 mil slap on the wrist? According to the CFPB, Experian deceived consumers when it told them that the version of credit scores they could purchase was the same one that lenders used to make ... Continue Reading →
For millions of first-time homebuyers and other homeowners, the Federal Housing Administration (FHA), is the best resource they’ll ever find. Originated back in 1934, the FHA is a government agency that facilitates access to home ownership for more Americans. They do that in an ingenious way, since the FHA doesn’t actually lend their own ... Continue Reading →
We all know that the U.S. economy is colossal, but just how large is it? In fact, with a 2017 GDP of more than $18 trillion, the US economy represents more than 20% – or more than 1/5th – of the entire global economy.
Although emerging economic superpowers like China are significant, their economy is still 70% smaller than the U.S. Even when you ... Continue Reading →
Amid our current rosy good news of stock market surges and economic growth, there sits an extremely prickly thorn: high credit card debt. In fact, the levels of U.S. consumer credit cards and other personal debt have reached levels not seen since the debt parade stopped in 2008 with the U.S. financial collapse.
In fact, as of 2016, our collective consumer credit card debt ... Continue Reading →