9/14/12
Cordray: Credit Card Complaints Fewer Than Expected
The Consumer Financial Protection Bureau hasn’t received as many complaints on credit cards as anticipated when it began operations last year, CFPB Director Richard Cordray told the Senate Banking Committee during a hearing yesterday on the agency’s semiannual report to Congress. More Newsbytes
9/13/12
FDIC’s Survey of Unbanked and Underbanked Households
The FDIC released the results of its 2011 National Survey of Unbanked and Underbanked Households. The survey indicates that 28.3% of households are either unbanked or underbanked, conducting some or all of their financial transactions outside of the mainstream banking system, a slight increase from the 2009 inaugural survey. More Economic News.