June 20, 2021

OECD: Middle class shrinking as incomes stagnate, costs rise

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From Newsmax The middle class is shrinking in developed economies as increases in workers’ wages have failed to keep up with the rising cost of housing, education and healthcare, the OECD said on Wednesday. Most people in the 36 member nations of the Organisation for Economic Cooperation and Development are part of the middle class, […]

US: Consumer Watchdog seeks rollback of payday lending rules

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From Newsmax The U.S. consumer watchdog on Wednesday proposed reviewing a rule cracking down on payday lenders in what consumer advocates said is a further sign consumer protections are being eroded by the Trump administration. The Consumer Financial Protection Bureau is revisiting the payday lending rule, drawn up under the Obama administration, after payday lenders […]