Cross River Bank has partnered with FinTech platform Current to launch a new credit-building product that will benefit Current’s over 4 million members. The credit-building product will enable Current members to establish or rebuild their credit histories through a single spending balance, the companies said in a...
Over the past few years, consumers have steadily returned to brick-and-mortar stores and spending seems resilient, albeit slowing a bit, even with inflation stubbornly in place. But for the more than 33 million small businesses operating in the United States — employing nearly half of...
Another Fed meeting, another interest rate hike … and more trouble ahead for paycheck-to-paycheck consumers and small to midsize businesses (SMBs). The central bank boosted its benchmark interest rate by 0.25%, and while there may not be more rate hikes on the horizon, or maybe...
For decades, the FICO score has been the most influential tool in the financial services marketplace. It has stood above all others as the independent arbiter that financial institutions would universally accept as a reliable gauge of consumers’ worthiness to be granted credit, as well...
“How much cash you have and how you use your cash is really an important data point that can be used to assess someone’s creditworthiness.” In an age where half of the transactions are done with debit cards — and, importantly, where a majority of...
