Sections
Consumer Finance
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1.5KMoody’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...
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4.6KThe 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...
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4.8KPayday 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...
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3.2KGoFundMe 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...
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4.3KSWIFT 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...
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5.6KFiserv 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...
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2.5KReport: 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....
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3.7KAffirm 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...
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2.5K29 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...
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3.2KConsumer 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...
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3.0KBarclays 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...
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3.4KRecurring 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...
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6.3KHow 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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6.9KNEW 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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4.6KHow 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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8.0KNumber 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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14.0KFICO 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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3.0KVisa, 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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11.5KHow 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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3.3KSurvey 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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2.0KConsumer 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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2.8KA 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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2.8KMedian 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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4.2KIntuit’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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5.1K$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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4.0KMillennials 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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5.0KFintechs 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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2.2KKey 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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3.5KThe 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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2.6KConsumer 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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2.6KNEW 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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2.3KStudy: 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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5.6KRent-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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2.4KWith 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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4.7KStudy: 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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4.0KCFPB 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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3.2KMoody’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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6.0KData 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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4.0KVirginia 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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3.3KAcorn 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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2.4KWall 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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5.3K
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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4.2KFHFA 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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3.9KEquifax 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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4.6KUS 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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4.4KU.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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6.0K
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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2.9K
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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9.6KCredit 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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6.8KConsumer 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...
