The Consumer Financial Protection Bureau released a report highlighting the need to focus on financial education, which is what Credit.com’s Credit Experts were all about this week.
In an NBC story on that report, Credit.com Director of Consumer Education Gerri Detweiler commented on the troubling disparity between the money financial service companies spent on financial education versus marketing financial products. (@TheConsumerman)
Our other experts gave interviews on a variety of personal finance topics, like credit cards and identity theft:
Speaking of holiday shopping and credit cards, Gerri gave an interview to USA Today about store credit cards. Retailers push for consumers to sign up for store cards around the holidays, and they can seem especially appealing because of discounts. (@tompor)
Unfortunately, the holidays also bring out a lot of scammers. Adam Levin, Credit.com’s chairman and co-founder, was interviewed by NBC about how consumers can protect themselves from holiday identity theft.