For much of the past century, banking products evolved around the regular paycheck. But findings in the August 2026 edition of The Millennial Playbook, a report by PYMNTS Intelligence, reveal that as work becomes more fragmented, simply holding the checking account may become less valuable...
A rare decline in overall U.S. household debt has masked the fact that consumers are still adding balances to the forms of credit most closely tied to everyday spending and purchases. Total household debt slipped by $13 billion in the second quarter to $18.8 trillion,...
Watch more: Monday Conversation With Method’s Jose Bethancourt A lender underwrites a borrower on the strength of a financial picture that starts aging the moment the loan closes. It’s then when things move. The borrower pays down a card. Picks up an obligation the lender...
The June credit report indicates that the checkout total can keep rising even when the consumer’s financial cushion is getting thinner. Consumer credit expanded at a 3.3% seasonally adjusted annual rate in June, according to Federal Reserve data, reversing a 0.3% contraction in May. The...
Watch more: Need to Know With Enova’s Steve Cunningham Enova doesn’t want its customer relationships to end when the loan is repaid. That’s the larger ambition behind the lender’s pending acquisition of Grasshopper Bank, Enova CEO Steve Cunningham told PYMNTS CEO Karen Webster. What may...
Paying an unexpected bill is often only the beginning of the financial problem. For many households, the larger challenge is what happens after the emergency has passed, when the next paycheck arrives already committed to covering the cost of the previous one. That dynamic runs...
Two consumers can share a generation, an income bracket and many of the same expenses while occupying markedly different financial positions. That is one of the central findings in the July edition of PYMNTS Intelligence’s “The American Paycheck.” The report finds that financial pressure extends...
Oportun has expanded its savings app, Set & Save, to include a new artificial intelligence-powered feature that identifies routine bills and automatically helps members save toward upcoming payments. The new Smart Bills feature uses AI to understand a member’s financial habits and then set aside...
Consumers are watching their spending more closely, but they are not giving up the financial leeway that credit can provide. That is the larger trend emerging from recent PYMNTS Intelligence research, and new Federal Reserve Bank of New York data adds another piece of evidence....