Crackdown on Credit Card Fees and Social Media’s Financial Revolution

Explore the Consumer Financial Protection Bureau's new measures against deceptive credit card practices and their impact on consumers and major companies. Discover how social media is transforming personal finance with trends like #FinTok, making financial literacy more accessible. Plus, delve into the reactions of Massachusetts financial advisors to the Dow Jones' significant drop and learn about a new blueprint for financing community development in Appalachia. Stay informed with Simply Finance as we navigate these pivotal financial stories.

Sources:
https://finance.yahoo.com/news/consumer-finance-watchdog-cracks-down-181344842.html
https://thefulcrum.us/inclusion-diversity/community-development-finance
https://www.wcvb.com/article/massachusetts-financial-advisors-react-to-dow-jones-closing-down-1100-points/63231489
https://www.fox10tv.com/2024/12/18/how-social-media-is-reshaping-personal-finance/

Outline:
(00:00:00) Introduction
(00:00:43) Consumer Finance Watchdog Cracks Down on Credit Card Sneaky Fees and False Promises
(00:04:14) A new blueprint for financing community development
(00:07:40) Mass. financial advisors react to Dow Jones closing down 1,100 points
(00:10:44) How social media is reshaping personal finance