Loan payments for new cars escalated to record highs, closing in on $600 per month, CNBC reported on Thursday (March 4), citing data from the consumer credit reporting company Experian. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
In emerging markets, individuals and businesses have pivoted into the digital age because, simply put, they’ve had to. 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...
Another round of Paycheck Protection Program (PPP) funds is readying to hit the bank accounts of small business owners, this time slightly modified from the one that went out in spring of 2020. As of Monday (Feb. 22), President Biden announced a slew of upgrades...
Bonds backed by auto loans are seeing an unprecedented rise in prices, the Financial Times (FT) 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...
As the pandemic lingers and as individuals and families endure cash crunches and job losses, the exposure to unplanned expenses can reach critical levels. As PYMNTS research has found, roughly 60 percent of Americans live paycheck to paycheck. And statistics from the Federal Reserve show...
The Federal Reserve’s Main Street Lending Program, intended to give support to small- to medium-sized businesses (SMBs) during the pandemic, has only disbursed $17.5 billion, around 3 percent of its total $600 billion, Bloomberg reported, citing data released by the central bank. Get the Full Story...
The biggest U.S. banks have dialed back the portion of their balances they’re willing to use on loans to new lows, Bloomberg reported, citing data from the Federal Reserve. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A new report from the Small Business Administration (SBA) found that there were $72.7 billion in Paycheck Protection Program (PPP) loans distributed in the month of January, with 891,044 loans approved. The lender count comes out to 4,942. Get the Full Story Complete the form...
Former Treasury Secretary Steven Mnuchin and Texas Sen. Ted Cruz are the subjects of a pair of watchdog investigations, Bloomberg reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
