Search
 
Expert Opinion

Course Correcting: How Organizations Can Combat Financial Literacy Misinformation

As an industry, we have an obligation to correct misstatements and guide consumers through the financial system.

By Rod Griffin | May 04, 2022 at 10:00 AM
Fake news on smartphone Source: Shutterstock

At one time or another, we’ve all come across a financial decision that we weren’t entirely sure how to proceed with – perhaps it was opening a bank account, applying for a student loan, leasing a car or buying a house. Some of us rely on family and friends to guide us through the process, but in today’s growing digital environment, many consumers are doing their own research online, reading customer reviews or listening to social media influencers.

According to a 2018 Pew Research Center survey, 81% of respondents mostly rely on their own research to make major life decisions. This includes browsing the internet, reading online forums and social media posts or listening to podcasts.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.