FDIC Consumer News | March 7, 2022
Economic Inclusion
A path toward building financial stability
The idea of economic inclusion is providing opportunities to access safe and affordable insured bank accounts to all individuals, and paving the way to save, build assets, and maintain financial stability
Due to its size and impact on Americans’ everyday lives, we are closely monitoring auto lending
Far too many minority households and businesses continue to lack fair and equitable access to credit
Inaccurate credit reports hurt small businesses similar to how they hurt consumers – the CFPB commends the FTC for taking action to hold credit reporting agencies accountable for their misconduct toward small businesses
A CFPB report revealed that the NCRAs have largely relied on vague, unhelpful form letters in response to consumer complaints filed with the Bureau
There is help for homeowners financially affected by the COVID-19 pandemic
Overdraft fees cost Americans an estimated $15
The No Surprises Act puts guardrails in place to prevent certain unexpectedly high medical bills
FDIC Consumer News | February 7, 2022
Save, Organize, and Streamline Your Finances
Ways to manage your money
One of the best ways to reach your financial goals is to save your money in an FDIC-insured bank
Getting sick or injured can often result in a heavy financial burden for many families, leaving them with mounting medical bills as well as aggressive debt collection and coercive credit reporting that can make matters worse
