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“You can be diligent and still be clobbered by financial traps.”
It’s a quote from Mike Calhoun, president of the Center for Responsible Lending, in a USA Today story about how Elizabeth Warren and the newly created Consumer Financial Protection Bureau should go about protecting consumers.
More young Americans – even those earning between $50,000 and $75,000 – are using payday lenders, prepaid debit cards and other questionable financial services. But there are better alternatives to those “alternatives.”
Nowadays, retailers and manufacturers can’t merely introduce a new product to consumers and call it a day. The way that 7-Eleven is launching “Slurpee Lite,” its new low-calorie drink, shows how a product rollout must be an “event.” This week’s event includes a big Slurpee giveaway.
