Consumer Finance

Consumer Finance
Baby Boomers Vs. Millennials: Eerily Similar?
February 07, 2017

While most millennials were brought up in the age of the computer, baby boomers can remember a time when they weren’t surrounded by technology. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Consumer Finance
VantageScore Takes Issue With WSJ Story On Credit Scoring Sector
February 07, 2017

VantageScore Solutions, the developer of the VantageScore credit scoring model, said Monday (Feb. 6) a recent Wall Street Journal story on the credit scoring industry “contained a number of faulty statements.” Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Consumer Finance
First Trump Job Report Beats Projections
February 03, 2017

Two weeks into the official Trump administration, the first jobs report debuted. The data was mixed. 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...

Consumer Finance
Federal Reserve Leaves Interest Rates Unchanged
February 01, 2017

Following its most recent two-day meeting in Washington, D.C., this week, the Federal Open Market Committee (FMOC) decided to leave interest rates unchanged. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Consumer Finance
Zopa Hits Lending Milestone And Gives Insight Into Borrowers
February 01, 2017

Zopa, the U.K.’s oldest marketplace lender, announced on Monday (Jan. 30) that it has become the first peer-to-peer lending platform to reach a $2.5 billion origination threshold, while also giving investors some insight into its borrowers and its plans for the future. According to Business Insider,...

Consumer Finance
US GDP Growth Slows, Hits 1.9 Percent In Q4
January 27, 2017

The United States saw a slowdown in its economic growth, as measured by the fourth quarter, coming in at a 1.9 percent rate, The Wall Street Journal reported Friday (Jan. 27). That’s a marked deceleration from the 3.5 percent rate seen in the third quarter....

Consumer Finance
CFPB Sues Student Loan Servicer Navient
January 19, 2017

The Consumer Financial Protection Bureau (CFPB) announced yesterday (Jan. 18) that it has filed suit against Navient, the largest servicer of federal and private student loans in the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

Consumer Finance
The Impact Of A Weaker Dollar On Payments
January 19, 2017

Talking down the dollar seems a new strategy for a new administration.  Here’s what a weaker dollar may mean on stages large and small, from the macro to the micro level. 

Consumer Finance
2016 Ended Sluggishly, Despite Hopes
December 27, 2016

There is much speculation for how the U.S.’ economic health will temper in 2017. While some say it’s looking up to be a solid year with consumer confidence up and Americans optimistic about their future credit journey, others see concern as the 2016 year comes...