The Community Reinvestment Act (CRA), a key piece of equitable banking legislation, is on the brink of significant modernization. This moment represents an important opportunity to craft effective policy for today, particularly with inequity now being at a level of public consciousness unseen in generations.
More than 7 million U.S. households have neither a checking nor a savings account, and 26 million don’t have a credit history.
Celebrating Black History Month is a tremendous opportunity to acknowledge our past achievements, address present challenges and dream about future possibilities. The legacy of Dr. Martin Luther King Jr. inspires us to dream about a future that affords us to live in comfort and prosperity. He…
The Consumer Financial Protection Bureau (CFPB) is proposing new rules to restrict high-cost payday and car-title loans that often leave borrowers in worse financial shape.
Whether your children are 14 or 40, if you are at or near retirement age you must have a conversation about money. The conversation should be age-appropriate, and designed not to frighten, but to inform. Still, 13-year-olds need to know how much college you can afford for them, and 30-year-olds…
A three-year examination of reverse mortgage complaints to the Consumer Financial Protection Bureau shows that borrowers often didn’t understand the terms of those loans, including how quickly th eir loan balances would go up and their home equity would fall, the bureau said in a new report.
The Consumer Financial Protection Bureau wants to extend its oversight to large nonbank auto-finance companies to make sure they are not discriminating against consumers.
Search AARP Blogs