National Consumers League

Your Money

With an ever-changing marketplace, getting the biggest—and smartest—bang for your buck is a tougher challenge than ever these days. We work across a wide array of issues to help you build and protect Your Money.

Teens spend big, but don't always spend smart

Over half of teens (52 percent) wrongly believe that a credit card is an informal agreement to pay money owed. And where are they learning this? Sixty-three percent say they get most of their information about money, credit, and other financial matters from their parents.

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Just how private is your personal information?

The Financial Modernization Act (also called Gramm-Leach-Bliley, or GLB, after the chief sponsors), was supposed to help consumers understand how their banks, insurance companies, and other financial institutions handle personal information and give them some control over its use. Each institution was required to notify its customers about its privacy policy and consumers’ rights by July 1, 2001.

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Online auctions: An in-depth look

Online auctions are wildly popular; nearly one third of adults in the United States who go online have participated in them—an estimated 35.6 million people. Most auction-goers are happy with their experiences and confident that they won’t run into trouble. However, at NCL’s Fraud Center, online auctions have consistently ranked as the top complaint since that category was added to the database in 1997.

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