ST. PAUL, Minn. (2/23/16)--One in four Americans are having difficulty paying for medications. Last year, total U.S. spending on prescription drugs by individuals, insurers, and governments jumped 13%--the largest increase since 2001. Certain demographics are feeling the crunch more than others (NextAvenue Feb. 1)
NEW YORK (2/2/16)--Becoming a landlord can be a profitable move, according to the online real estate site Trulia, but, it’s not a passive investment--it’s a small business. Take on the commitment only after you’ve given it careful consideration and research (CBS MoneyWatch Jan. 25).
A new survey by Ohio State University found that 70% of the nearly 19,000 students surveyed reported feeling stressed about money. Half worried about not having enough money for daily expenses, and 60% were anxious about the cost of tuition.
Don’t assume retirement accounts are safe from hackers just because they’re insured by the National Credit Union Administration or the Federal Deposit Insurance Corp. Hackers are poised to move from retailers to financial institutions, and retirement accounts are squarely in their crosshairs (DailyFinance June 25).
American households throw away $640 in food each year. While some Americans say they eat leftovers, 76% say they throw them away at least monthly, according to a recent survey from the American Chemistry Council.
World Elder Abuse Awareness Day on Monday brought together senior citizens, caregivers, the private sector and governments to focus on and exchange ideas about how best to combat exploitation of the elderly (The News Herald June 10).
The next credit or debit card you receive from your card issuer might look different from the one you currently are using. You’ll notice a small “chip”--part of the migration to EMV technology--embedded in the plastic.
As consumers age, their ability to manage money and other personal assets can become compromised, which has led to the Consumer Financial Protection Bureau’s latest bulletin, “Planning for diminished capacity and illness.”
When you retire, the word “risk” takes on new meaning with regard to your finances. Before retirement, while you’re building your savings, market volatility is your risk. Once you retire, the risk is not having enough money to fund your needs (USA Today May 17).
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.
While the DOD has affirmed the Military Lending Act’s effective date for credit card accounts of Oct. 3, CUNA is engaged with legislators to build support for efforts to exempt credit unions from the rule.