Consumers appear to be throwing caution to the wind now that the pain of the 2007 to 2008 recession has subsided to a dull ache; credit card debt is rising at a troubling rate. Meanwhile, Nancy Bush, a banking analyst at NAB research, is warning...
Homeowners wouldn’t think twice about refinancing their mortgage into a lower interest rate loan, nor would unsecured debt holders when it comes to consolidating their debt so they pay and owe less. But when it comes to student loans, millennials are actually balking at refinancing...
Digital banking solutions provider Urban FT has joined the Center for Financial Services Innovation in an effort to help the finserv industry better gauge consumer financial health. A June 29 announcement released in honor of CFSI’s first annual #FinHealthMatters Day said Urban FT will participate in the CFSI’s Financial...
Discover has launched a new online functionality called Credit Scorecard to keep its users up to date on their latest FICO credit score. The launch of the service, in partnership with Experian, makes the credit card issuer the first company to offer free credit score reporting...
Max Levchin’s alternative online lender, Affirm, is bringing in the top guns to sturdy up its infrastructure as the company expands business beyond selling point-of-sale systems. The company has hired eBay’s vice president of global delivery experience and local, Carl Gish, to serve as its chief...
The first quarter came out to be a bit of a downer for big banks. But amid low interest rates and the net interest margin squeeze that came in tandem with lower earnings results, there was a silver lining. Echoing “The Graduate” — one word:...
Fiserv research shows proper financial management starts with banks and credit unions providing people with the advice and tools they need. In its Expectations & Experiences: Household Finances quarterly consumer trends survey, released on Monday (April 25), the global provider of financial services technology solutions...
Overdraft protection is doing little to protect the best financial interests of young consumers and is forcing many to leave the banking system, Pew research has found. The research, which surveyed 304 “heavy overdrafters” in 2014, found that they were likely to incur about $35 per incident or...
For all the shifting financial sands retailers sit atop, there are still some ironclad rules of economic reasoning – when prices are low, consumers ought to buy more. When they’re high, well, it’s better to hope it’s not by too much. Fortunately, that’s the news...
