Nearly 200 million in the United States hold at least one bank-issued credit card — a financial tool which has come in handy as inflation and higher costs continue to squeeze households in a challenging macroeconomic environment. In the recent “Credit Card Use During Economic...
Higher rates. A bit more muted consumer sentiment. The paycheck-to-paycheck pressures continue. On Friday (Aug. 25), the final reading of the University of Michigan’s survey on consumer sentiment for August was released, showing that the index of consumer sentiment dipped to 69.5 from 71.6 in July. “Consumers...
In today’s U.S. financial landscape, having a good three-digit credit score can be a critical factor in determining not only whether you are approved or denied for a mortgage, auto loan or student loan, but whether you get access to lower interest rates and better...
The ongoing cost-of-living crisis continues to affect consumers across the United States, and having higher incomes does not necessarily shield one from feeling the financial pinch. The ‘New Reality Check: The Regional Divide Edition’ report by PYMNTS and LendingClub offers a comprehensive and accurate overview of...
Plaid says it has added income and employment data platform Pinwheel to its partner network. The partnership, announced Thursday (Aug. 17), will see Pinwheel provide complementary payroll data services for Plaid’s Income offering, while providing Plaid users with direct deposit switching (DDS) services. “The most...
Credit Sesame has unveiled a new product that aims to help individuals build and enhance their credit scores through their everyday debit purchases. The new Sesame Credit Builder is a Mastercard debit card designed to eliminate obstacles for those with limited credit history and equip...
Amazon and Chase say they have expanded their equal monthly payments offering for card members. The companies announced Tuesday (Aug. 15) that Prime Visa and Amazon Visa cardmembers can now use the installment payments offering outside of Amazon’s website and mobile app. “Amazon is always...
Greenlight Financial Technology has launched a credit builder for teens that’s designed to help parents raise financially smart kids. With the Greenlight Family Cash Card, teens can build and manage their credit responsibly while parents can set flexible spending limits and get real-time purchase alerts, the...
Stock brokerage app Robinhood has laid off about 150 employees, or 7% of its workforce. The job cuts were made in response to a slowdown in trading volumes and to “better align team structures,” The Wall Street Journal (WSJ) reported Monday (June 26), citing an internal company message...
