Wells Fargo & Co., the embattled bank, is reportedly overhauling its auto lending unit in an effort to control risk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
With healthcare costs on the perpetual rise, many employers are offering insurance plans with high deductibles to keep costs down. But that can leave patients with a $5,000 upfront cost to hurdle in order to get a medically necessary procedure. Should they take on the...
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them. And that is not, as University of Pennsylvania Professor Lisa Servon says, a symptom of...
Mercado Libre Inc, the Argentina online marketplace, is gearing up to offer working-capital loans to entrepreneurs in Brazil and Mexico during 2017, reported Reuters. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
A federal district court judge has entered eight orders against a web of Orlando-based individuals and companies that bombarded consumers with illegal robocalls for worthless credit card interest rate reduction programs. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Student loan debt is still hurting a slew of Americans, with the Federal Reserve Bank of New York saying Wednesday (May 31) that defaults are still hovering at a high rate and that a small percentage of student debt holders can’t purchase a home as...
Big banks are pulling back from the $1.2 trillion U.S. car loan market due to fears that consumers have taken on more debt than they can handle. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Over the last few years, the federal government has spent $1 billion a year to pay debt collectors to help struggling borrowers out of their student loan debt and find money to make regular monthly payments. Based on new government data, however, the efforts may have...
With 44 million Americans currently in student loan debt, equaling just over $1.4 trillion, paying all of that back can seem like a daunting and never-ending feat to accomplish. The U.S. Department of Education says nearly eight million borrowers haven’t made payments in 12 months,...
