Late last year, the CFPB issued orders to five non-bank BNPL lenders, asking for detailed information on the activities and risks inherent to their lending practices. “We have ordered Affirm, Afterpay, Klarna, PayPal, and Zip to submit information so that we can report to the public about industry practices and risks,” said CFPB director Rohit Chopra.

In this episode of the Mental Health & Wealth Podcast, Angela Fontes of the Financial Health Network talks about their Financial Health Pulse report. Find out how income, race, gender, and more all impact financial health and what we can do to improve our financial health.

Stubbornly high inflation, a possible recession, rising interest rates, corporate budget cuts and headcount reduction are all likely to continue, as Federal Reserve Bank Chair Jerome Powell wages war against inflation.

Many Americans hoped the U.S. would enter a revival similar to the 20th century’s Roaring ’20s once vaccines rolled out last year. But instead of channeling flappers, many Americans have spent their 2020s juggling a rising cost of living and awaiting a possible recession.

A person who is ‘financially healthy’ spends less than they earn, pays bills on time, and has sufficient liquid savings and long-term savings, a new report says.

The Financial Health Network, the US’ authority on financial health, with support from the Citi Foundation and Principal(R) Foundation, unveiled the Financial Health Pulse: 2022 US Trends Report. This fifth edition of the report finds financial health in America declined across many demographic and socioeconomic groups as spending outpaced income and savings accounts were depleted.

Many Americans saw their financial health decline in 2022, more than at any point in the last five years. That is a crucial finding of the Financial Health Network’s Financial Health Pulse: 2022 U.S. Trends Report. It is the fifth annual edition.

More and more consumers have been hit by deteriorating financial health, including people who had been somewhat insulated in the past. With a hawkish Federal Reserve going after inflation, pressure on consumer wallets is increasing. Here's a look at the landscape, with ideas on how to react.

“Buy now, pay later” companies say they’ve created “a fairer and more sustainable alternative” to credit cards. Some users say they also change spending habits for the worse.

President Biden said Wednesday he is taking action to cancel up to $10,000 in federal student loan debt for millions of Americans and an additional $10,000 for low-income borrowers while extending a pause on monthly payments, delivering long-awaited relief just weeks before the midterm elections.