Federal Reserve Archives - Harlem World Magazine

Consumers From Harlem To Hollywood Went $42 Billion Deeper Into Debt In February

With inflation ratcheting higher to start 2022, a new report from the Federal Reserve shows consumers tapped into a massive amount of credit in February.Continue reading

SoFi Announces First Credit Card That Can Help Harlemites And Others Pay Down Debt

Many households are facing staggering credit card debt, but fintech firm SoFi says its newly issued credit card could help with that.Continue reading

Supreme Court Will Argue Fate Of The Consumer Financial Protection Bureau

Liberals and conservatives in Washington have spent the last decade arguing over the legality of the Consumer Financial Protection Bureau (CFPB). This week, the Supreme Court begins the process of deciding the issue.Continue reading

Older Americans Increasingly Taking On Student Loan Debt From Harlem To Hollywood

Consumer Affairs reports that across the nation, senior citizens are collectively carrying $86 billion in student loan debt -- a figure that rose 161 percent between 2010 and 2017, the Wall Street Journal reported.Continue reading

Wells Fargo Agrees To Pay Millions To Settle State Investigations From Harlem To Hollywood

Wells Fargo has four locations in Harlem has agreed to pay $575 million to settle allegations made by all 50 states and the District of Columbia that the bank violated consumer protection laws, Iowa’s attorney general announced on Friday.Continue reading