Earnings season is less than two weeks old. By and large, the data and the press releases indicate that consumers are still spending, on experiences especially, and are using their cards to do so. But here and there, management commentary and some metrics on loans...
Unexpected expenses can pack a financial punch for any consumer, but for those who are already dealing with credit-related issues, the blow can be especially devastating. Take the credit marginalized, for instance: consumers who have been rejected for at least one credit product in the...
FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. Like Beeline’s existing offering, the new experience, which is dubbed Colmena (“hive” in English), will adjust to applicants on the fly, preapprove them in real time, and offer conventional or non-qualified mortgage...
Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. The card-issuing platform announced its collaboration with Rain Thursday (April 18), with Marqeta powering the Rain Card, a branded debit card that lets employers easily disburse earned wagers onto the cards. “Over...
According to PYMNTS Intelligence, 62% of U.S. consumers now live paycheck to paycheck, and that includes 48% of consumers earning more than $100,000 annually. In other words, higher incomes do not necessarily protect people from the financial stress that comes from living from one paycheck...
Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been measured through FICO scores detailed by the FIs, in charge-off rates, and in general commentary on spending. Bank of America...
The Consumer Financial Protection Bureau (CFPB) has written a letter in support of a Connecticut bill that would prohibit healthcare providers in the state from reporting medical debt to consumer reporting agencies for use in a consumer report. The letter, which focuses on Connecticut State Senate Bill 395...
Despite news about a slight surge in retail sales, PYMNTS Intelligence has found many U.S. consumers have good reason to be concerned about their economic footing. According to PYMNTS Intelligence’s recent edition of “New Reality Check: The Paycheck-to-Paycheck Report: Why One-Third of High Earners Live Paycheck to...
In the latest edition of “The Paycheck-to-Paycheck Report: High-Income Consumers Lead Surprising New Data on Side Hustles,” PYMNTS Intelligence explored a variety of methods U.S. consumers pursue to pick up a little extra cash. For some, doing so is a necessity. Fifty-nine percent of U.S....
