Sections
Consumer Finance
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2.5KHow 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...
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2.7KNEW 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...
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3.4KHow 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...
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6.1KNumber 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...
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6.5KFICO 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...
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2.1KVisa, 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...
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7.7KHow 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...
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2.9KSurvey 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...
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1.5KConsumer 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...
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2.0KA 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...
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1.8KMedian 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...
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2.8KIntuit’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...
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3.7K$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...
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3.3KMillennials 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...
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3.7KFintechs 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...
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1.6KKey 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...
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2.8KThe 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...
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2.0KConsumer 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...
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2.2KNEW 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...
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1.9KStudy: 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...
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4.0KRent-A-Center Sold For $1.37B
Rent-A-Center‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could...
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1.8KWith The Aid Of Technology, Teaching The Insurance Industry To ‘Speak Millennial’
In the movement from analog to digital, money matters — the type of money that fuels technology, that underpins new products and...
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3.5KStudy: Americans Overestimate Their Financial Literacy
A new study reveals that while Americans are generally overconfident in their financial knowledge, only a few could score a top grade...
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3.1KCFPB Officials Recommend Dismissal Of PHH Case
After PHH Corp.’s appeal of a $109 million penalty caused a legal battle over the constitutionality of the Consumer Financial Protection Bureau’s...
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2.7KMoody’s: Underwriting Standards Loosen, A Bit, In Q1
It got a little easier to get credit in the first quarter, said Moody’s on May 8, but auto loans bear watching....
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4.2KData Shows Credit Card Usage On The Rise As Delinquency Rates Climb
A new report from TransUnion shows that credit card usage continued to rise, as delinquency rates per borrower also increased. The Q1 2018...
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3.4KVirginia Sues Online Lender Over Consumer Loans
Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a...
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2.5KAcorn Uses Vault Acquisition To Launch Retirement Fund Services
Following its acquisition of Vault, Acorns has rolled out a simple way to open and fund a retirement account through Acorns Later....
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2.1KWall Street Investors Place Their Bets On Millennials
When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation....
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3.8K
Nearly Half Of Americans Are Confused About Credit Card Rewards
A new survey has found that 45 percent of Americans are confused about their credit cards rewards, especially those involving travel. A...
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3.7KFHFA Pushes Back New Credit Score Model For 2019
The Federal Housing Finance Agency (FHFA) won’t be launching its new credit score model until at least 2019. According to American Banker,...
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3.4KEquifax Launches Consumer Finance Dataset
Equifax, the credit scoring company still reeling from a massive data breach last year, announced news on Monday (Feb. 26) of the...
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3.9KUS Bank Partners With AutoGravity For Digital Auto Loans
To reach customers looking to apply for an auto loan online, U.S. Bank has created a new platform with AutoGravity. Through the...
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4.1KU.S. Consumers Spending More, Saving Less
The wealth effect is in full force, it seems. The Wall Street Journal reported Monday (Jan. 29) that stock prices, levitating as...
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5.5K
The Need/Convenience Credit Card Paradox
Life happens, as the saying goes. When life happens, though, all sorts of things also happen to financial visibility — including the...
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Consumer Credit Hit Record $27.95B In November
New data from the Federal Reserve shows that outstanding consumer credit rose by $27.95 billion in November from the previous month, the...
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7.9KCredit Karma To Advance Tax Refunds For Free
Credit Karma Tax announced on Thursday (Jan. 4) the launch of Earlybird Advance, an online refund advance service. In a press release,...
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5.6KConsumer Spending Jumps In November
Spending on the part of U.S. consumers picked up during the month of November, with the order of capital goods increasing for...
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8.4KHow Sezzle Wants To Help Millennials Without Sizzling Credit
The average American carries 2.6 credit cards, but averages can be a bit misleading. For example, that figure includes a full 30 percent of Americans...
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9.0KNEW STUDY: Who Are The Financial Invisibles?
Paying bills and maintaining financial well-being may feel like a chore to many, but for nearly half of Americans, it’s a day-to-day...
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4.0KOver 50 Percent Of Americans Have Less Than 1K In Savings
A new survey has found that more than half of Americans have less than $1,000 in their savings accounts. GOBankingRates released the...
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3.1K
Consumer Spending For July Slightly Under Expectations
The Commerce Department said consumer spending in the U.S. saw a uptick that was slightly under what was expected in July, while...
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3.4KAmerican Express Adapts To Woo Budget-Mindful Consumers
American Express is rolling out new features designed to attract young, budget-conscious consumers into taking on credit card debt. Reuters reported news...
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3.8KP2P Lending Sites Not Quite Wooing UK Customers
Although U.K.-based peer-to-peer lending sites have attracted millions in venture capital funding, consumers have been slower to adopt the technologies these FinTech platforms...
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4.0KSavings App Qapital Adds Checking Account, Debit Card To Its Services
Savings app Qapital is now offering a new checking account and debit card to its customers, in addition to its already existing...
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3.3KConsumers Making Less Than $40K Per Year Worried About Paying Off Debt
A new survey has found that a divide is emerging over how Americans feel about their ability to pay down debt, with...
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3.0KBank Of America Reaches New Commercial Card Benchmark To Secure Industry Ranking
Bank of America Merrill Lynch reached a new benchmark in its commercial card business last year, allowing it to secure its top...
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2.6KReport Finds Back-To-School Shopping Starting Earlier, Lasting Longer
A new report from The NPD Group has revealed that when it comes to back-to-school shopping, consumer spending has become less consistent...
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1.3KUpward Revision To 1Q GDP In The Offing?
Might the United States economy have put up a stronger showing than had been thought previously for the first quarter? The New...
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1.2KCFPB: Consumer Finance Background Impacts How People Establish Credit Histories
The Consumer Financial Protection Bureau (CFPB) released a study Wednesday (June 7) that shows the way consumers establish their credit history can...
