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Tag Archives: Savings

Gen Z: Economic State Making it Harder to Save

A new study from Bank of America revealed 73% of Gen Z reported that the current economic environment has made it more challenging to save. Many respondents said inflation has created even more financial stress, while surging rents or home prices have made it harder to afford day-to-day necessities.

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CFPB Director Talks Regulation and Debt Collection

On Wednesday, CFPB Director Kathy Kraninger delivered a Keynote Address entitled “The Next Phase for CFPB.” In this Video Spotlight, Kraninger speaks on debt collection and consumer savings issues, and explains how the CFPB is working to address these problems.

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Savings Clauses in Foreclosure

An overlooked topic in foreclosure law is the effect of savings clauses in loan documents. Here, legal experts discuss the importance of savings clauses, and how they can help, or hinder.

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Survey Finds a Lack of Savings for Many Americans

Nearly 70 million adults have no emergency savings, while nearly one in four would run out of money in 30 days, according to a new survey put out by NeighborWorks America. The survey found that 22 percent of adults, or roughly 53 million adults, have only enough saved for one month.

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