U.S. consumers hold a record $1.2 trillion in credit card debt. Right now, households are in a holding pattern, where the growth in card balances has been muted, and a spending pullback has begun in the face of tariffs and trade wars. Get the Full...
The platforms that have banks embedded in their operations are taking more of their lending activities into a direct model, giving momentum to income streams well beyond the confines of peer-to-peer transactions. Get the Full Story Complete the form to unlock this article and enjoy...
Block said Thursday (March 13) that its industrial bank, Square Financial Services (SFS), received approval from the Federal Deposit Insurance Corp. (FDIC) to offer the company’s consumer loan product Cash App Borrow. Get the Full Story Complete the form to unlock this article and enjoy...
The pressures of mounting card debt, still-high interest rates and tightening underwriting threaten to expand the ranks of subprime borrowers — all the while making it harder for those consumers to improve their credit standings. Get the Full Story Complete the form to unlock this...
A six-figure income, a house in a nice neighborhood, two cars in the garage and kids in private schools — yet still feeling panicked when an emergency expense hits. And while the Fed once held out $400 as the average emergency expense threshold, that unexpected...
New data shows growing financial pessimism among Americans, the latest sign of shaky consumer confidence. 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,...
Monday (March 10) marked another bloodletting on Wall Street, another slew of headlines about tariffs and trade wars. And as economic concerns mount, the picture on consumer debt becomes cloudier. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
After a holiday spending frenzy, consumers have returned to a more normalized rate of spending, as measured in incremental borrowing on credit cards and other forms of debt. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Treasurers are vital in transportation and logistics companies, managing liquidity and influencing financial health. But how often do companies underuse their expertise due to limited interdepartmental influence? Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
