Sections
Consumer Finance
-
2.2KCitibank Sees Credit Card Charge Offs, Delinquency Rates Spike
Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. The lender’s three-month average...
-
1.2KThe Struggle To Make Tuition Payments On Time Is Real
The student debt crisis is no joke — loans considered to be in “serious delinquency” continue to increase, which is why it’s...
-
2.2KChase Sapphire Card Creates Turbulence For United Airlines
As JPMorgan has enjoyed success with its Sapphire Reserve card that launched three years ago, the banking giant is also dealing with...
-
2.5KCiti Revamps Rewards Program, Allows Cardmembers To Pay With Points
Citi has announced a new feature that allows qualifying cardmembers to shop and receive real-time alerts to redeem their ThankYou Points for...
-
2.7KLendingClub President On Credit That Builds Savings
A fine line separates debt and savings (between the black hole of high-interest credit card payments and the slow progress of financial...
-
2.7KUS Credit Card Rates Hit All-Time High
Americans are now paying the highest level ever on credit card interest rates — and that could have a negative impact on...
-
4.4KKlarna Launches Money Management Content Hub
Furthering its mission to make payments easier for people so they can be financially healthy, Klarna, the U.K. payments company, announced the...
-
5.8KHelping Millennials Live Financially Ever After
When Honeyfi got off the ground in 2017, it had a pretty simple idea. Couples could better manage their financial lives if...
-
4.0KBofA Debuts Digital Financial Coach
Bank of America is gearing up to launch Life Plan, a digital portal that helps customers achieve financial goals, this fall. According...
-
8.0KPressure Mounts On CFPB Over Public Service Loan Forgiveness Program
Launched in 2008 as a provision of the College Cost Reduction and Access Act (CCRAA), the Public Service Loan Forgiveness program’s objectives...
- 3.5K
Rhode Island Eyes Capping Credit Card Interest Rates
In the United States, credit card balances and the interest rates charged on those balances are on the rise. In the latest...
-
5.7KSchwab Bets Big On Subscription-Based Investing
Investing and financial planning company Charles Schwab is moving from its current payment model to a subscription-based one that will provide more...
-
3.3KTandem Bank Launches New Automatic Savings Account
U.K. challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. According to...
-
5.1KExperian: Bank Card Default Rates Rise 3.48 Pct In Feb
New data has revealed that bank card default rates rose six basis points to 3.48 percent. S&P Dow Jones Indices and Experian...
-
6.0KFCA Calls For Lenders To Curb ‘Unacceptable’ Fees
The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, has found that some lenders are inflicting their credit card customers with an...
-
5.5KUS Credit Card Balances End Year At $870B Record High
Credit card debt in the U.S. reached $870 billion at the end of last year, setting a record. Bloomberg, citing data from...
-
6.1KOn Capitol Hill, Credit Bureau CEOs Say Reporting Changes Are In the Air
Lawmakers grilled the heads of Equifax, Experian and TransUnion, calling the credit reporting a “broken” system — and new legislation introduced this...
-
5.4KAlipay Will Charge Fees For Repayment By Credit Card
Mobile payment company Alipay is going to start charging a fee of 0.1 percent to customers who use the service to decrease their...
-
3.6KMoody’s: U.S. Household, Credit Debt Grow Modestly, Auto Delinquencies Decline
Moody’s Investors Service, an American Credit rating firm, has released its quarterly Pulse of Consumer Credit report, and in a report emailed...
-
7.5KThe Making Of A Digital Subprime Marketplace
No one needs to be told that eCommerce is becoming a more important part of consumers’ daily lives. Any number of stats...
-
6.9KPayday Loans, Pawnshops And Borrowed Credit Cards: How Many Americans Got By In 2018
When it comes to managing personal finances, consumers are seemingly taking one step forward and three steps back. For one thing, the...
-
4.7KGoFundMe Crowdfunds For Furloughed Government Workers
It’s been 10 full days since government workers missed their paychecks due to the prolonged government shutdown, and one of the most...
-
5.4KSWIFT Publishes Standard For Pay Later APIs
SWIFT announced Wednesday (Jan. 16) that it published a standard for the Pay Later APIs, which it said is a key step in...
-
7.3KFiserv On Solving Cash Flow’s Crunch Digitally
Cash flow can make or break daily life for consumers or businesses. Not enough in your account? Plan on asking your landlord...
-
3.4KReport: Minority Consumers Grapple With Debt
A new report has found that as debt rates have climbed to pre-recession levels, minority consumers are struggling to reach financial parity....
-
5.8KAffirm Joins The High-Yield Savings Account Crowd
Affirm, a company founded by entrepreneur Max Levchin to provide fair alternative credit, has launched a new free saving account that offers...
-
3.8K29 Pct Of Millennials Want To Pay Off Debt In 2019
Nearly all American millennials plan on making a financial resolution in 2019, with some of the biggest goals being to save more...
-
4.9KConsumer Credit Default Hits Low For Nov 2018
New data has found that the default levels for bank cards, auto loans and first mortgages have reached their lowest levels of...
-
4.4KBarclays Upgrades Mobile Banking App To Control Spending
Barclays, the U.K. bank, announced Tuesday (Dec. 11) that customers of its mobile banking app now have the power to prevent spending...
-
4.5KRecurring Card Payments To Hit $473B By 2021
A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion...
-
7.9KHow Connected Cars Could Change Auto Finance
The automobile is one of those products that can change countless details of daily lives, to say nothing of the payments and...
-
7.8KNEW DATA: With Wages And Hopes High, Why Are Consumers Behind On Bills?
The numbers are in, and the economy is looking up: Gross domestic product (GDP) is increasing fast, wages are rising and the...
-
5.9KHow The New FICO Will Change The Credit Landscape For Borrowers
After years of focusing nearly entirely on a consumer’s payment history, FICO has announced that as of 2019 it will be rolling...
-
10.4KNumber Of Unbanked Americans Plummets
A new survey revealed that the percentage of unbanked Americans fell to the lowest level since the 2007-2009 financial crisis. Data from...
-
20.2KFICO To Debut New Credit Scoring System In 2019
Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. According to the...
-
3.7KVisa, NFL Video Game Passes Financial Literacy To Kids
For many students, it was a time of either dread or excitement. The civics teacher, or the home economics instructor, would teach...
-
14.2KHow Much Of The Consumer’s Paycheck Goes To Amazon?
In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking...
-
3.8KSurvey Shows Fall In US Consumer Sentiment
Indicating that Americans may have a less favorable view of their own finances, the University of Michigan Survey of Consumers fell to...
-
2.4KConsumer Spending Increases 0.3 Pct; Inflation Steady In August
Data released Friday (Sept. 28) shows that U.S. consumer spending grew in August by 30 basis points, as estimated by the Commerce...
-
3.9KA Decade On, Lending Transformed By Crisis And Innovation
Necessity is the mother of invention. Invention can become necessity. And in lending, with the financial crisis in the rearview mirror, a...
-
3.7KMedian Household Income Tops $61K In 2017, Up 1.8 Pct
New census data shows that U.S. household incomes rose for the third straight year, up 1.8 percent when adjusted for inflation. The...
-
5.4KIntuit’s Mint Updates iOS App With Data-Driven Insights
To offer users actionable advice, Intuit’s Mint is updating its personal finance iOS Mint app with added benefits, new design features and...
-
6.2K$8B In Bad Credit Card Debt Write-Offs Worry US Banks
With the rate of delinquent credit card holders slowly rising, some banks are scaling back on opening new accounts. Last year, it...
-
4.5KMillennials Bummed Over Social Security Prospects
A new study shows that millennials are worried about their retirement, especially their chances of ever collecting Social Security (SS). The Transamerica...
-
6.1KFintechs Are Going After Borrowers With Poor Credit
FinTechs are going after another financial market void, this time providing loans to customers with low credit scores. According to a report...
-
2.9KKey Takeaways From Fed As Consumer Credit Pace Moderates In June
The Federal Reserve released numbers this week that showed an annual percentage rate increase of 3.1 percent as measured in June, a...
-
4.1KThe Financially-Strapped Consumer Next Door
Financial fragility doesn’t always present the way most consumers’ imaginations tells them that it will. The most common perception people have of...
-
3.2KConsumer Debt Increases In May
New data shows that U.S. consumer debt rose in May by the most in six months, showing that Americans were more comfortable...
-
3.2KNEW DATA: More Americans Behind On Bills, But Feel More Financially Stable
When it comes to personal finances, it turns out that perception is not always reality. One might expect that consumers in...
-
2.6KStudy: Financially Self-Sufficient Millennials Are Happier
A 10-year study by the National Endowment for Financial Education shows that millennials who are no longer relying on mom and dad for...
