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Financial Literacy

New PERC and TCAI Study: Is CROA Choking Credit Report Literacy

A newly released study finds that implementation of the Credit Repair Organizations Act (CROA) discourages interested consumers from learning more about their credit reports and scores, creating conflicts with other federal laws and public policy objectives. The authors, from the Policy and Economic Research Council (PERC) and Take Charge America Institute (TCAI) at the University of Arizona, examined data from ... Read More »

World Bank Group to Set Up Office in Greater Kuala Lumpur

The Government of Malaysia and the World Bank Group signed a Memorandum of Understanding on 11 April 2014, in Washington DC, to work towards opening a World Bank Group office in Kuala Lumpur. Second Minister of Finance, H.E. Dato’ Seri Ahmad Husni Mohamad Hanadzlah, signed on behalf of Malaysia, and Axel van Trotsenburg, Karin Finkelston and Ana-Mita Betancourt signed on ... Read More »

Experian Kicks off National Financial Literacy Month with a new APP

Experian kicks off National Financial Literacy Month with new app and a study that demonstrates that users of financial mobile apps have a deeper understanding of the factors that help or hurt their credit Experian® announced the release of its mobile app for iOS and Android devices. The app empowers Experian Credit TrackerSM members to interact with their credit, including their FICO® Scores based ... Read More »

Financial Literacy: Experian Lights the Way

Experian lights the way for Financial Literacy Month, providing resources to consumers to help guide their financial journey Experian®, the leading global information services company, today announced that it will continue to advocate for financial literacy and will join with the Jump$tart Coalition® in April to “Light the Way for Financial Literacy,” by developing new credit resources, providing education on identity protection ... Read More »

Experian Named ‘Organization of the Year’ for Financial Literacy

Company recognized by the Institute For Financial Literacy® for its significant contributions to financial education through its public education and grant programs Experian® was named the “Organization of the Year” and presented the Excellence in Financial Literacy Education (EIFLE) Award by the Institute for Financial Literacy during the Annual Conference on Financial Education in San Antonio.  The EIFLE Awards acknowledge ... Read More »

Aussie Home Loans and Experian Launch CreditSavvy.com.au

Aussie Home Loans has joined forces with credit reporting agency Experian to launch a website offering access to free consumer credit scores and lots of information on credit reporting, scoring and management of personal finances. Consumers can also sign up on the website, creditSavvy.com.au, for free monthly credit score updates, a credit file monitoring service and alerts.  creditSavvy was launched ... Read More »

US Credit Bureaus Launch National Consumer Assistance Plan

Equifax, Experian and TransUnion Launch National Consumer Assistance Plan to Enhance Credit Report Accuracy, Consumer Experience Equifax, Experian and TransUnion announced a National Consumer Assistance Plan that will enhance their ability to collect complete and accurate consumer information and will provide consumers more transparency and a better experience interacting with credit bureaus about their credit reports. The plan was announced ... Read More »

Cybercrime and the Value of Personal Data

Put simply, the underground economy is a collection of forums, chat rooms and custom-made websites that are all designed to facilitate, streamline and industrialize cybercrime.  It’s within these communities that cybercriminals gather to trade tools, services and victims’ credentials.  There are various ways to obtain credentials.  Some options are Phishing attacks, Trojan Horses and hacking into an online company database. ... Read More »

Information Literacy:  The Emergence of the Chief Data Officer

A new breed of data specialists are empowering big business. CDOs to bridge the gaps between data, people and technology Experian published the findings of its “Dawn of the Chief Data Officer (CDO)” survey, confirming that an increasing number of organisations are waking up to the strategic value of data.  The study, which interviewed over 250 Chief Information Officers (CIOs) ... Read More »

The Year of the Free FICO® Score

The FICO® Score Open Access program has reached a major milestone — its 1st anniversary. Since FICO launched the program in the fall of 2013, FICO® Score Open Access has expanded significantly, with over 60 million account holders gaining regular access to free FICO® Scores by January 2015.  Participating banks and lenders include Barclaycard, Citi, Discover, First Bankcard, Hyundai Motor ... Read More »

The Problem of Identity Theft and What You Can Do About It

Almost a year ago, Target first revealed a data breach had compromised millions of its customers’ credit and debit card information. Since then, the news has been dominated by the discovery of new breaches, disasters collectively putting millions of consumers’ information at risk and every consumer on alert. This time around, consumers haven’t forgotten: according to TransUnion’s most recent consumer ... Read More »

Internet Should Be Driving Indian SME Growth

It is no secret that SMEs drive ecosystems.  The same applies for India.   There are nearly 48 million SMEs in the country who provide a variety of services or are engaged in the manufacture of intermediate and finished goods, collectively accounting for a sizeable share of India’s industrial output.  While the sector employs 40% of India’s workforce, it contributes only ... Read More »

The Guardian Launches Online Financial Inclusion Network

The Guardian Global Development Professionals Network launched its Financial Inclusion hub, featuring stories, infographics, videos, and other resources on financial inclusion issues worldwide. The hub will be updated regularly over the coming months with original content. The first collection of posts includes: Using mobile money to buy water and solar power in East Africa Funeral insurance in South Africa: counting the ... Read More »

TransUnion Reveals a Third of Americans Have Never Checked Their Credit Report or Score

According to a recent Google Consumer Survey commissioned by TransUnion, one third (32.7 percent) of Americans surveyed said they have never checked their credit report or score. An additional quarter (24.2 percent) said they had not checked their report or score in over a year. With the challenging economic conditions of the recent years, there is no better time than ... Read More »

Google Capital Backs Credit Karma with 85M Funding

Google Capital participates in a new funding of $85 million for Credit Karma, a San Francisco-based startup that provides free credit scores to consumers.  Google Capital financed roughly half of the $85 million round, with the rest coming from Tiger Global, Ribbit Capital, and Susquehanna Growth Equity. People visiting Credit Karma can take a free peek at their credit score ... Read More »

National PTA and LifeLock Forge Partnership to Empower Kids and Teens to Be Safe While Using Digital Technology

With the Proliferation of Children and Teens Using Technology, the Partnership Will Focus on Developing Tools for Students and Families on Good Digital Citizenship National PTA ® and LifeLock, Inc. have partnered to raise awareness about the long-term impact of online activity and encourage students to be good digital citizens.   The program is designed to empower students with the knowledge ... Read More »

Financial Literacy: BIIA Member Schufa Publishes New Textbooks for Teachers

“Making Young People Fit in Financial Matters” As part of a new education initiative titled “Business Workshop – Taking Charge of Your Financial Matters”, Schufa published a revised set of teaching materials for teachers.  This latest set of teaching aids provides teachers in Germany with an extensive pool of diverse materials available to realistically integrate the development of financial literacy ... Read More »