There are billions of unbanked individuals in the world. Given access to basic financial services via mobile and other technological conduits, quality of life improves. The cost of banking goes down. And the ripple effects can do a world of good, as well as do...
February auto sales dipped as tightening credit and increased interest rates have effectively driven up monthly payments and slowed up action in the car markets. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
A new survey released by the Consumer Financial Protection Bureau reveals some rather worrying truths about the financial well-being of the American consumer. The survey of Americans — with varied income and educational backgrounds — seems to indicate that more than 40 percent of U.S. adults...
The favored narrative about banks and FinTech startups is generally not a love story. Usually, it is more of an all-out war story. Banks represent the old way of handling financial services – and in fairness, they carry a lot of responsibilities that deposit-taking institutions...
Since the Great Recession, the ongoing concern has been that the recovery has not been evenly distributed in the aftermath as wages have not kept up with the post-Recession economic growth. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
Despite being the largest generation by population share, millennials tend to head fewer households than their Gen X and baby booming counterparts. As of 2016, millennials (ages 18 to 35 in 2016) headed only 28 million households. Get the Full Story Complete the form to unlock...
Credit, and the consumer’s relationship with it, has changed rather dramatically over time. But those changes can only be seen if one takes a big step back and looks across the intersection of credit products, credit usage and consumer behavior. Fifty years ago, when customers...
Three years ago, the city of Seattle decided to raise the minimum wage to $15 in an effort to close what they called the local wealth gap. New data out of the University of Washington suggests that it did just the opposite. Now, economists on both sides are duking...
On Tuesday, MoneyGram’s shareholders gave an unequivocal thumbs up to the buyout by Ant Financial. With one more hurdle yet to clear, CFIUS approval, MoneyGram CEO Alex Holmes tells Karen Webster what’s next for this new global digital financial services platform.
