Column: Want to raise your credit score? Follow these two steps

PBS NewsHour

While only 35 percent of adults 30 and over don't have a credit card, a shocking 63 percent of millennials, those age 18 to 29, have yet to get a credit card, according to Bankrate. Millennials, it seems, are debt averse. But it'd be a mistake for millennials to avoid credit cards altogether, says Erin Lowry, author of "Broke Millennial: Stop Scraping By and Get Your Financial Life Together." That's because credit cards are one of the easiest ways to build good credit history. Below, Lowry lays out why a good credit report is important and how to raise you credit score.

School's Student-Run Credit Union Teaches Financial Literacy

U.S. News

WDAM-TV reports Columbia High School has partnered with Ferguson Credit Union to provide the union, which is one of only two student-run federal credit unions in the state. The president of the credit union's board of directors, Lynell James, says the business wants to help students learn about finance management before graduation.

Credit bureau Experian fined $3 million over misleading credit scores

Los Angeles Times

Credit bureau Experian will pay a $3-million fine to settle a federal regulator's claims that the firm sold credit scores that were of little or no use to consumers. The Consumer Financial Protection Bureau announced the fine and settlement Thursday. The CFPB's allegations against Experian are similar to those made against the nation's two other major credit bureaus, Transunion and Equifax, which reached a larger settlement in January. In all three cases, the CFPB said the credit bureaus offered consumers until at least 2014 "educational credit scores," which are different from the scores the credit bureaus provide to lenders. That's the upshot of federal enforcement actions levied Tuesday against credit bureaus Equifax and TransUnion.

5 misconceptions that might hurt your credit score

PBS NewsHour

The personal finance website NerdWallet released a survey Tuesday that examines what Americans know and don't know about credit cards. Here are five of the misconceptions highlighted in the report. After putting off getting a credit card for years (I didn't like the idea of carrying any more debt), I finally took the plunge this spring -- but not before taking a dive into credit card dos and don'ts. All the advice I had on credit cards seemed to conflict. It's good to keep a balance, and be sure to pay your full balance every month.

China expands reach of 'trustworthiness' system


The Chinese government is accelerating a nationwide campaign to create blacklists of individuals and enterprises it considers to be "dishonest," with some local governments adopting scoring systems that take into account factors such as a person's willingness to donate blood. Beijing has already set up a "trustworthiness" system that assesses companies and people. As of 2018, more than 14 million individuals and businesses have been put on blacklists, which prevents them from buying land, issuing bonds and even taking public transportation. There are now 51 blacklists, including 18 newly added last year, covering insurance, accounting, statistics and other areas. More than 3.59 million new names of "dishonest" individuals and enterprises were put on the list last year, according to an annual report by the National Public Credit Information Center.