The U.S. Federal Reserve’s quarter-point interest rate cut, a move widely expected after months on pause, offers a glimmer of hope for U.S. households, but it remains to be seen how quickly, and how deeply, relief will be felt in everyday budgets, especially for the...
More consumers’ rent payments are being reported to credit reporting agencies, possibly because of new laws and consumers self-reporting those payments, according to TransUnion. The share of consumers whose rent payments are reported rose from 11% in 2024 to 13% in 2025, the global information...
Subprime auto lender Tricolor Holdings reportedly filed to liquidate in bankruptcy Wednesday (Sept. 10), the same day it was reported that banks were set to suffer hundreds of millions of dollars in combined losses from loans tied to the company. Tricolor didn’t give a reason...
What if the biggest risk to your credit portfolio isn’t economic, but psychological? “Consumer Credit Economy: Strategy vs. Spontaneity—Navigating the Great Credit Divide,” a new report from PYMNTS Intelligence in collaboration with i2c, uncovers a silent but critical threat: Millions of eligible customers are self-excluding...
Expanding access to credit remains one of the biggest challenges in consumer finance. Legacy systems continue to slow approvals, drive up costs, and limit access to capital. Figure Technology Solutions, in its public filing to offer about 26.3 million shares, is positioning itself as a...
On paper, earning $75,000 to $100,000 a year should place a household squarely in the American middle class. By historic standards, this income range signaled relative stability. Think: homeownership, college savings and maybe even a summer vacation. Yet today, a startling number of people in this bracket...
Most consumers in the United States live paycheck to paycheck, but young generations are finding ways to hold on to more of what they earn. PYMNTS Intelligence found that Generation Z consumers save more than one-third of their monthly income, eclipsing the saving habits of...
Executives across the payments and lending spectrum have used their second-quarter earnings calls to emphasize embedded finance not just as a future prospect, but as a present-day growth engine. Embedded finance broadly refers to payments or banking functions built into non-financial enterprises and platforms, while...
In a financial landscape increasingly defined by digital innovation and fierce competition, a new report reveals a subtle yet profound challenge for financial institutions: many consumers, in their pursuit of control and clarity, are reverting to manual financial management, signaling a deeper need for fundamental simplicity...