Plaid is adding new capabilities and artificial intelligence (AI) models to its network that powers digital finance, aiming to help financial firms with their decisions across credit, fraud and payments, the company said in a Tuesday (Oct. 6) press release emailed to PYMNTS. A new...
Consumers may still feel secure about their jobs, but a thinner savings cushion is changing the financial environment in which they manage their money. This finding comes from the September 2026 edition of the PYMNTS Consumer Expectations Index, “Consumers Hold the Line as Their Financial...
The Treasury Department and the Education Department have launched a new online portal designed for Americans who have defaulted federal student loans, they said in a Wednesday (Sept. 30) press release. The new Defaulted Loans Support Center is designed to help these borrowers understand their...
Walmart-backed consumer FinTech OnePay is now offering banking for families and teenagers. The company’s new banking program for children ages 13 to 17 features savings, checking, investing and credit builder services, according to a Monday (Sept. 21) news release. It’s part of OnePay’s vision for children to...
Credit card issuers can lose a customer’s spending without losing the customer. Among consumers who changed their primary credit card in the past two years, 58% made a card they already held their new primary card. Just 42% obtained a new card for that purpose,...
Millions of federal student loan borrowers are racing to pick new repayment options under the governmental rules. That’s according to a report Sunday (Sept. 13) from The Hill, which says borrowers on the now-defunct Biden-era SAVE Plan must choose a new repayment plan within 90...
Watch more: Need to Know With Concora Credit’s Jason Tinurelli An emergency expense doesn’t need to overwhelm a household budget to create a credit problem. For subprime consumers, a medical bill, car repair or veterinary expense can redirect enough cash to jeopardize a payment, putting...
Meet Tom and Elaine. (Our names, not theirs.) Both report household income between $65,000 and $70,000. Both are married, live in a city and say day-to-day spending is why they live paycheck to paycheck. For both, the next paycheck is critical to meeting their monthly...
Block says it is opening its Cash App score to external lenders for the first time. Using Nova Credit as a distribution partner, Block will make Cash App’s proprietary, cash flow-based credit score available to lenders via Nova Credit’s Cash Flow Intelligence Platform, the company...