Consumer Finance

Consumer Finance
Fed Says Consumer Credit Decelerated in September; Card APRs Still at Multiyear Highs
November 08, 2024

All eyes were on the Federal Reserve’s interest rate cut this week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

Consumer Finance
Trending: Consumer Spending Drives Q3 GDP Despite Disposable Income Pressure
October 30, 2024

It’s a truism that as the U.S. consumer goes, so goes the economy. And consumers are still opening their wallets and purses, tapping to pay, clicking to pay, swiping their cards; by extension, gross domestic product continues its upward trajectory, though at a pace slowing...

Consumer Finance
MoneyLion Launches Financial Products Marketplace Within Its Digital Ecosystem
October 22, 2024

MoneyLion has launched a new marketplace that lets consumers search, apply for and complete transactions across third-party financial products like loans, credit cards and savings accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Consumer Finance
NY Fed Sees Four-Year High in Consumers Expecting to Miss Minimum Debt Payment
October 15, 2024

A growing percentage of consumers think they could miss a minimum debt payment in the next three months. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Consumer Finance
79% of Millennials and Gen Z Turn to Social Media for Financial Advice
October 14, 2024

Social media algorithms have emerged as influential players in the realm of advice, effectively acting as pseudo-advisers for generations eager for financial literacy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Consumer Finance
Consumer Credit Growth Slows as Revolving Credit Declines
October 07, 2024

Consumers’ total outstanding credit grew at a seasonally adjusted annual rate of 2.1% in August, after rising at a rate of 6.3% in July and 0.8% in June. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Consumer Finance
Consumer Lenders Worry as Borrowers Struggle With Bills
September 15, 2024

Americans’ struggles with their bills has reportedly been bad news for consumer lending firms. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Consumer Finance
Revolving Debt Hits $1.36T in July, Soars 25% Above Pre-Pandemic Levels
September 09, 2024

Monday (Sept. 9) offered up a snapshot of consumer sentiment on where inflation is headed, their overall feelings about managing a mounting debt load, and where and how they’re spending against this backdrop. Get the Full Story Complete the form to unlock this article and...

Consumer Finance
CFPB Report Shows Kroger, Dollar Tree and Others Charging Fees for Cash-Back Transactions
August 27, 2024

A new report released Tuesday (Aug. 27) from the U.S. Consumer Financial Protection Bureau (CFPB) sheds light on a growing trend: Major retailers are now imposing fees on customers seeking cash back through debit and prepaid card transactions. This shift comes as bank branch closures...