FDIC CONSUMER NEWS | AUGUST 7, 2023
FDIC Consumer News – August 2023 Edition
Credit Cards for Young Adults
How to avoid costly mistakes
When you are just starting out on your own, credit cards offer a convenient way to make purchases and build a credit history
Our research shows that people in Puerto Rico have lower financial well-being compared to people in the rest of the United States, and they struggle more to make ends meet and participate in mainstream financial services
When landlords use information from a rental background check that qualifies as a “consumer report” against a tenant, they are required to tell the tenant of their decision and how to contact the company that created the background check
Nuestra investigación muestra que en Puerto Rico la gente goza de menos bienestar financiero que en el resto de los Estados Unidos, y que tienen dificultades para cubrir sus gastos y para aprovechar servicios financieros comunes
The operators of a “blessing loom” investment program that targeted African Americans and people struggling financially during the Covid-19 pandemic are banned from the business of multi-level marketing as a result of enforcement actions taken by the Federal Trade Commission and the State of Arkansas alleging the operation of an illegal pyramid scheme
Cashflow data (regular savings, accumulated savings, paying bills on time) helps predict ability to repay and repayment risk, even when accounting for credit scores
The Federal Trade Commission has announced a claims process by which consumers who purchased a DreamCloud mattress and were influenced by the company’s claims that the product was made with U
The Federal Trade Commission has issued supplemental proposed amendments to its Amplifier Rule to help consumers make direct comparisons of home entertainment amplifiers
The Federal Trade Commission and the U
Tomorrow is the 12th anniversary of the Consumer Financial Protection Bureau
