February 7th, 2018180The Consumer Financial Protection Bureau made news this week when it announced it would pull back from a full-scale probe of last year's Equifax data breach.
The CFPB's former leader, Richard Cordray, launched an investigation into Equifax after the credit bureau announced in September that hackers had stolen personal data from some 143 million Americans, according to a Reuters article.
But when Cordray unexpectedly resigned in September, President Donald Trump appointed Mick Mulvaney as interim director of the CFPB. Trump said at the time he expected Mulvaney to "fix" an agency that went "too far" under the previous...
February 7th, 2018186Not if Senate Republican Leader Mitch McConnell and Senate Democratic Leader Chuck Schumer have anything to say about it.
The two said they were making progress on an agreement to fund the government for two years after the U.S. House of Representatives passed its budget bill Tuesday, according to a Reuters article. Government funding runs out Thursday.
"We're making progress," Senator Dick Durbin, the Democratic minority whip, told MSNBC on Wednesday.
But President Donald Trump said Wednesday that he'd insist any spending package include changes to immigration laws, suggesting he wouldn't sign a spending bill that did not make...
February 5th, 20183207Getting good deals on groceries is important to Georgians, and they’re willing to put some effort into finding them.
A Georgia Credit Union Affiliates survey of more than 3,400 consumers shows Georgians are actively strategizing to save money at grocery stores. About 59 percent clip printed coupons while 44 percent scroll through digital ones.
Another 49 percent of shoppers will comparison shop before putting an item in their cart and 54 percent will stock up on that item if the deal is good enough.
In fact, deals may dictate whether consumers show up to a store at all. About 75 percent of shoppers said they check store deals...
January 26th, 20181131The United States government released reports Friday showing that the economy grew at an annual rate of 2.6 percent in the final quarter of 2017, according to a report from the New York Times.
The Times reported that a 2.3 percent rise in the nation's output last year combined with a falling jobless rate, a surging stockmarket and a boom in consumer confidence -- all signals that the economy continues to rebound.
"After years of stagnation, the United States is once again experiencing strong economic growth," said President Donald Trump. "America is roaring back."
Read the full New York Times article here. ...
January 26th, 201827202Georgia credit unions are ripe with stories just waiting to be told. The following pages can help journalists tell these stories.
The Credit Union facts page provides basic information to help reporters explain the industry to potential audiences.
The Credit Union Statistics page provides up-to-date data pertaining to credit unions on a state and national level.
The Media Contacts page shows reporters who to contact for additional information and access to high resolution images and videos.The media experts can also coordinate interviews with industry experts.
Thanks for telling the credit union story!...
January 15th, 201832135Listen, I get it. At first glance, taking a longer time to pay off that car loan seems to make sense.
>>Related: Rising auto loan rates could spell trouble for sub-prime credit scores<<
For one thing, you’re now paying more than ever for those new cars. According to data from Experian, the average car new loan is a little more than $30,000 while the average used loan is about $19,000. For another, the average American tends to keep their cars for 11.6 years, much longer than they used to, according to Forbes.
When you look at that information, a loan that would allow you more than five years to pay off sounds...
January 11th, 20181112The employee challenging President Donald Trump’s pick to lead the Consumer Financial Protection Bureau suffered a legal blow Wednesday.
U.S. District Court Judge Timothy J. Kelly refused to grant Leandra English, the CFPB’s deputy director, a preliminary injunction against the appointment of Mick Mulvaney.
English and Mulvaney both showed up to work as interim directors of the CFPB after former Director Richard Cordray left the agency suddenly over Thanksgiving break
. English was Cordray’s pick for successor. Mulvaney was Trump’s.
When Mulvaney eventually took over, English sued.
But in his 46-page opinion, Kelly...
January 10th, 20183144When did looking good get so expensive?
There are moisturizers you need to keep your skin the perfect texture. You need makeup to make sure your complexion is to your liking. And then there’s the products to keep your hair straight, curly, voluminous, shiny.
Oh, great – and now contouring is a thing.
Well, relax. You don’t need the money of a socialite to be a beauty junky. Here are some of the niftiest cheap beauty hacks from around the interwebs:
Getting your lips glossy. High end lip gloss can cost some big bucks. Dior’s Addict Ultra-Gloss, for example, costs $30. There are some cheaper drugstore varieties that...
January 10th, 2018181Gen X isn’t feeling so confident about retiring, according to a USA Today report.
A survey from TD Ameritrade found that nearly four out of 10 people born between 1965 and the late 1970s say they would like to “fully retire” someday, but feel like they won’t be able to afford to.
USA Today reports that much of this gloom has been compounded by the phasing out of pensions funded by employers in favor of 401(K) and IRAs that require workers to do most of the saving on their own.
Here are some other troubling statistics found by the TD Ameritrade survey:
43 percent of Gen Xers say “they are behind” in their savings.
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