Consumer financing is when a business offers financing to their customers with help from a professional finance company. This allows the consumer to pay for a good or service they couldn't pay for up front in cash or credit card. Consumer finance is helpful for both businesses and consumers
Call it a case of six of one, half dozen of the other. Call it a case of financial alchemy. Call it...
American Express has announced that it has reimagined its American Express Green Card to include new benefits and features. Now called Green...
The popular Cash app, owned by Square, now has the ability for users to buy and sell stocks. CNBC is reporting that...
Rebates and cash-back offers sound great in theory — the customer purchases something they wanted anyway, and get a small incentive payment...
It’s hard to imagine a world without credit cards. After all, there were close to 480 million of them being used by...
New data has found that American teens are estimated to spend $2,371 per year — the lowest level for the age group...
The good news for customers — and the challenge for financial services players, both established and emerging as the decade comes to...
The Catch-22 is a familiar part of the early life of many consumers looking to get credit for the first time. They...
Plaid said today (Sept. 18) that it is releasing new developer tools to combat credit card debt. The company launched its new...
Pretty much every consumer knows the pain of filling out applications for automotive loans, mortgages and other types of borrowing, of having...
A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB)...
Interest rates are volatile, fears of a recession are spiking, central banks are cutting rates. In an interview with Karen Webster, LendingClub...
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...
The student debt crisis is no joke — loans considered to be in “serious delinquency” continue to increase, which is why it’s...
As JPMorgan has enjoyed success with its Sapphire Reserve card that launched three years ago, the banking giant is also dealing with...
Citi has announced a new feature that allows qualifying cardmembers to shop and receive real-time alerts to redeem their ThankYou Points for...
A fine line separates debt and savings (between the black hole of high-interest credit card payments and the slow progress of financial...
Americans are now paying the highest level ever on credit card interest rates — and that could have a negative impact on...
Furthering its mission to make payments easier for people so they can be financially healthy, Klarna, the U.K. payments company, announced the...
When Honeyfi got off the ground in 2017, it had a pretty simple idea. Couples could better manage their financial lives if...
Bank of America is gearing up to launch Life Plan, a digital portal that helps customers achieve financial goals, this fall. According...
Launched in 2008 as a provision of the College Cost Reduction and Access Act (CCRAA), the Public Service Loan Forgiveness program’s objectives...
In the United States, credit card balances and the interest rates charged on those balances are on the rise. In the latest...
Investing and financial planning company Charles Schwab is moving from its current payment model to a subscription-based one that will provide more...
U.K. challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. According to...
New data has revealed that bank card default rates rose six basis points to 3.48 percent. S&P Dow Jones Indices and Experian...
The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, has found that some lenders are inflicting their credit card customers with an...
Credit card debt in the U.S. reached $870 billion at the end of last year, setting a record. Bloomberg, citing data from...
Lawmakers grilled the heads of Equifax, Experian and TransUnion, calling the credit reporting a “broken” system — and new legislation introduced this...
Mobile payment company Alipay is going to start charging a fee of 0.1 percent to customers who use the service to decrease their...
Moody’s Investors Service, an American Credit rating firm, has released its quarterly Pulse of Consumer Credit report, and in a report emailed...
No one needs to be told that eCommerce is becoming a more important part of consumers’ daily lives. Any number of stats...
When it comes to managing personal finances, consumers are seemingly taking one step forward and three steps back. For one thing, the...
It’s been 10 full days since government workers missed their paychecks due to the prolonged government shutdown, and one of the most...
SWIFT announced Wednesday (Jan. 16) that it published a standard for the Pay Later APIs, which it said is a key step in...
Cash flow can make or break daily life for consumers or businesses. Not enough in your account? Plan on asking your landlord...
A new report has found that as debt rates have climbed to pre-recession levels, minority consumers are struggling to reach financial parity....
Affirm, a company founded by entrepreneur Max Levchin to provide fair alternative credit, has launched a new free saving account that offers...
Nearly all American millennials plan on making a financial resolution in 2019, with some of the biggest goals being to save more...
New data has found that the default levels for bank cards, auto loans and first mortgages have reached their lowest levels of...
Barclays, the U.K. bank, announced Tuesday (Dec. 11) that customers of its mobile banking app now have the power to prevent spending...
A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion...
The automobile is one of those products that can change countless details of daily lives, to say nothing of the payments and...
The numbers are in, and the economy is looking up: Gross domestic product (GDP) is increasing fast, wages are rising and the...
After years of focusing nearly entirely on a consumer’s payment history, FICO has announced that as of 2019 it will be rolling...
A new survey revealed that the percentage of unbanked Americans fell to the lowest level since the 2007-2009 financial crisis. Data from...
Fair Isaac, creator of the FICO credit score, will be rolling out a new scoring system in early 2019. According to the...
For many students, it was a time of either dread or excitement. The civics teacher, or the home economics instructor, would teach...
In 2009, consumers first coined the term “Whole Paycheck” as a tongue-in-cheek way to describe the sticker shock many felt when looking...
Indicating that Americans may have a less favorable view of their own finances, the University of Michigan Survey of Consumers fell to...