consumer credit

Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending
Enova Reports Record Lending Volume Driven by Jobs, Consumer Spending
April 23, 2024  |  Earnings

Online lender Enova International reported growing lending volume and solid credit performance for the first quarter. During the quarter ended March 31, Enova’s combined loans and finance...

READ MORE >
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
April 16, 2024  |  Consumer Finance

Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been...

READ MORE >
IDIQ Debuts CreditBuilderIQ as Consumers Feel Pinched
IDIQ Debuts CreditBuilderIQ as Consumers Feel Pinched
April 16, 2024  |  Personal Finance

Financial intelligence company IDIQ has launched a platform that aims to help consumers build their credit scores. CreditBuilderIQ, announced Tuesday (April 16), joins the company’s suite of...

READ MORE >
OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to Credit   
OCC’s Hsu Encourages FIs to Help Immigrants Gain Access to Credit   
April 11, 2024  |  Financial Inclusion

This week, Michael Hsu, acting comptroller of the currency at the Office of the Comptroller of the Currency (OCC) called on U.S. financial institutions (FIs) to take...

READ MORE >
Share of Credit Card Accounts Past Due Hits 12-Year High
Share of Credit Card Accounts Past Due Hits 12-Year High
April 10, 2024  |  Credit Cards

A growing share of credit card accounts are past due on their payments. The Federal Reserve Bank of Philadelphia said in a Wednesday (April 10) press release that...

READ MORE >
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
March 07, 2024  |  Consumer Finance

Consumers’ total outstanding credit leapt by $19.5 billion in January. Revolving credit accounted for $8.4 billion of the increase, while nonrevolving credit made up the...

READ MORE >
Pagaya Secures $280 Million Credit Facility for AI-Driven Consumer Finance Products
Pagaya Secures $280 Million Credit Facility for AI-Driven Consumer Finance Products
February 07, 2024  |  artificial intelligence

Pagaya Technologies has secured a credit facility worth $280 million from top global asset managers and financial institutions. This facility, consisting of a $255 million term...

READ MORE >
Enova Reports Charge-Offs Rise, Return to Pre-Pandemic Seasonal Patterns
Enova Reports Charge-Offs Rise, Return to Pre-Pandemic Seasonal Patterns
January 30, 2024  |  Earnings

Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Compared to the same quarter a year earlier,...

READ MORE >
Kashable Raises $25.6 Million for Employer-Based Lending Tool
Kashable Raises $25.6 Million for Employer-Based Lending Tool
January 18, 2024  |  Investments

FinTech platform Kashable has raised $25.6 million to expand its employer-based lending program. The Series B funding will help the company develop new financial wellness services and...

READ MORE >