Consumer Finance

Credit Card Balances Drop on Annual Basis for First Time Since ’21
Consumer Finance
Credit Card Balances Drop on Annual Basis for First Time Since ’21
July 08, 2025

Credit card performance improved for the first time in over four years despite credit card interest rates being “historically high” during the first quarter, the Federal Reserve Bank of Philadelphia said Tuesday (July 8). Get the Full Story Complete the form to unlock this article and...

CFPB Corrects ‘Invisible’ Count as Millions Struggle to Shake Credit Limbo
Consumer Finance
CFPB Corrects ‘Invisible’ Count as Millions Struggle to Shake Credit Limbo
July 03, 2025

The Consumer Financial Protection Bureau (CFPB) reports that the ranks of the “credit invisibles” in the U.S. have thinned. 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...

JPMorgan Chase Reorganizes Private Bank to Facilitate Global Investments
Consumer Finance
JPMorgan Chase Reorganizes Private Bank to Facilitate Global Investments
July 03, 2025

JPMorgan Chase reportedly reorganized its private bank and named a global head of the bank, which is a new role. 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...

Households Feel the Pinch as Income Declines and Prices Rise in May
Consumer Finance
Households Feel the Pinch as Income Declines and Prices Rise in May
June 27, 2025

Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Loyalty Starts With Credit for Subprime Consumers, Says Concora CEO
Consumer Finance
Loyalty Starts With Credit for Subprime Consumers, Says Concora CEO
June 26, 2025

Watch more: Concora Credit’s CEO Looks to Expand Non-Prime Credit Access Through Partnerships 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....

Citigroup Increases Loan Loss Provisions Due to ‘Macro Environment’
Consumer Finance
Citigroup Increases Loan Loss Provisions Due to ‘Macro Environment’
June 10, 2025

Citigroup is reportedly preparing for a possible decline in consumer financial health by putting aside more provisions for potential losses on loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

73% of Gen Z Identify as ‘Reactors’ in New Study
Consumer Finance
73% of Gen Z Identify as ‘Reactors’ in New Study
May 29, 2025

A shift is underway in how consumers in the United States manage their finances, and high earners are increasingly exhibiting reactive money habits. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

CFPB Reverses Position on Removing Medical Debt From Credit Reports
Consumer Finance
CFPB Reverses Position on Removing Medical Debt From Credit Reports
May 26, 2025

America’s consumer protection watchdog has switched its position on removing medical debt from credit reports. 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,...

Borrower Credit Scores Plunge Following Student Loan Delinquencies
Consumer Finance
Borrower Credit Scores Plunge Following Student Loan Delinquencies
May 25, 2025

Millions of borrowers have reportedly seen their credit scores plummet because of delinquent student loans. 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,...