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NFCC Blog: Staying the Course

10 Smart Money Moves to Make Now, Before 2015 Ends

By Stacy Johnson Yes, the kids have yet to go trick-or-treating, but it’s not too early to start making some year-end financial moves. Doing so will help give you a better picture of your financial health and how much you can spend on holiday gifts. No one of them should take long — you can probably knock them out during the commercial breaks of your favorite TV shows.   Change passwords Make a …Read More

How the Tooth Fairy Can Teach Your Kids About Money

By Nat Sillin When kids lose their first baby teeth around age six, it’s more than a chance to celebrate a milestone. It’s an early opportunity to teach girls and boys good money management. Visa’s latest annual Tooth Fairy survey indicates that the average price of a lost tooth is $3.19 in 2015. This is the fourth consecutive year that young Americans are finding more than $3 under their pillows …Read More

CFPB Calls for Student Loan Servicing Reform

By Drew Kessler The Consumer Financial Protection Bureau (CFPB) has published a detailed report based on the results of its public inquiry on student loan servicing practices. The findings highlight troubling customer service practices in the student loan servicing industry and include recommendations for reframing oversight of the student loan servicing marketplace. The recommendations contained in the report are partly based on comments submitted to the CFPB after it launched a …Read More

NFCC Names New Board Member

By Bruce McClary The NFCC is pleased to announce the addition of Jo Ann Barefoot, CEO of Jo Ann Barefoot Group, LLC, as an at-large member of the board of trustees. She has more than 35 years of experience as a champion for financial protection. The first woman Deputy Comptroller of the Currency, Jo Ann established the OCC’s original consumer protection and community reinvestment unit. She has also served on the …Read More

Everything You Need to Know About the New Generation of Payment Cards

By Nat Sillin There’s something new in plastic and it’s coming to a mailbox near you. In the coming months, be on the lookout for replacements to arrive for many of the debit and credit cards you carry. You might have already received some of these new cards, which look mostly the same – except for that little gold or silver colored microchip that’s embedded inside the card. That chip will …Read More

NFCC Honors Client of the Year at Annual Conference

By Bruce McClary As American baby boomers retire at the rate of 10,000 per day, millions more are waiting in line for their turn. The NFCC 2015 PACE Clients of the Year, Richard and Susan Ramirez, were among those approaching their goal. In order to reach the start of their golden years, they had to eliminate the growing $80,000 mountain of credit card debt that stood in the way. Time …Read More

Worth It!

By Drew Kessler The numbers are intimidating: 40 million Americans owe roughly $1.2 trillion in student debt as of mid-June. As Kyle McCarthy observed in a Huffington Post article, 40 million is more than the entire population of Canada. These figures are especially intimidating for current students. With close to two-thirds of students using loans to pay for college, it comes as no surprise that those currently in college—some 70%—say …Read More

Best Money Moves for October

By Margarette Burnette With summer in the rear view and the heaviest holiday shopping still a few weeks away, October is a good time of year to focus on cutting expenses and scoring deals. Here are some ways you can make the most of your money this month. Lower Your Checking Account Fees If your bank fees have recently increased, this could be an apt time to shop around for …Read More

10 Open Enrollment Mistakes to Avoid

By Nat Sillin Fall signals a change in the weather and for many workers, the beginning of open enrollment – the annual benefits sign-up period for the coming year. Open enrollment periods usually run for a few weeks between September and November in most workplaces. This yearly event, usually administered by the human resources department at most employers, allows you and your fellow employees to review past benefits choices, ask …Read More

Bad Credit Can Impact Car Insurance More Than Drunk Driving   

By Mark Foster This is hard to believe, but recently Consumer Reports said a customer’s credit score may matter MORE than a drunken-driving conviction for auto insurers setting premiums! Yes, a DWI conviction may raise your car insurance premium, but not as much as bad credit. It may seem wrong, but that’s the facts. It just goes to show how important having good credit is and how much it can …Read More