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Black, Hispanic and poorer families pay the price for being "unbanked"
Low-income, Black, and Hispanic Americans are much more likely to lack a bank account or use alternative financial institutions like payday lenders.
Bank accounts could soon help determine creditworthiness
Some big banks will give credit cards to people who lack credit scores, looking instead at savings and checking account history.
Why credit scores are up — for now
Many people have been using their stimulus checks and extra unemployment benefits to keep up with bills and pay down debt.
More people could qualify for mortgages under new rule
The Federal Housing Finance Agency this week announced a new rule that will open up competition for which score, or scores, Fannie Mae and Freddie Mac use.
Is the strong economy creating credit score inflation?
A 740 today may not mean the same thing as a decade ago.
Auto loan delinquencies rise for younger drivers
New car sales have been high for the past few years, and that means there are a lot more car loans out there. There are a lot more delinquent ones, too. According to a report from the New York Federal Reserve, 7 million borrowers are at least 90 days late on their payments, the highest […]
The way credit scores are calculated is changing
The New York Fed says fewer kinds of missed payments are showing up on credit scores.
Monitor credit scores? You might wish you had if you don’t
Most people say they care about credit card security. They just don’t take time to deal with it before it’s too late. Click the audio player above to hear the full story.
How the Equifax hack could have been avoided
The breach might have been stopped with a system update. But it won't be the last big hack.
Equifax's new credit program will take a deeper look at your payment history
Equifax CEO Richard Smith shares how the new method will work.