Consumer Finance

Consumer financing is when a business offers financing to their customers with help from a professional finance company. This allows the consumer to pay for a good or service they couldn't pay for up front in cash or credit card. Consumer finance is helpful for both businesses and consumers
Consumer Finance
Are Co-Branded Credit Cards Facing an Existential Crisis?
May 07, 2024

General-purpose credit cards dominate the consumer credit card landscape. In fact, about 2.5 times more consumers hold general-use credit cards than either co-branded credit or store cards, with substantially wider gaps among lower-income consumers and those in younger age groups. Get the Full Story Complete...

Consumer Finance
Citi CEO Jane Fraser Says Consumers ‘More Discerning’ in Spending
April 30, 2024

Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). 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 daily newsletter, PYMNTS Today. By...

Consumer Finance
Digital Platforms Elevate Renters’ Personal Finance Game
April 25, 2024

Digital platforms are transforming the personal finance landscape for renters by emphasizing the importance of leveraging nuanced insights derived from rental payment data, a facet traditionally excluded from credit scoring models.  Get the Full Story Complete the form to unlock this article and enjoy unlimited...

Consumer Finance
BlackRock Intros Paycheck-Style Retirement Offering
April 25, 2024

BlackRock has debuted a savings product designed to give retirees a guaranteed, paycheck-style income. 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 daily newsletter, PYMNTS Today....

Consumer Finance
Earnings Season Commentary Points to Pressures for Lower-Income Consumers
April 24, 2024

Earnings season is less than two weeks old. By and large, the data and the press releases indicate that consumers are still spending, on experiences especially, and are using their cards to do so. Get the Full Story Complete the form to unlock this article...

Consumer Finance
Why Unexpected Expenses Are Especially Harmful for the Credit-Marginalized 
April 24, 2024

Unexpected expenses can pack a financial punch for any consumer, but for those who are already dealing with credit-related issues, the blow can be especially devastating.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Consumer Finance
Beeline to Launch Spanish-Language Version of Home Loan Experience
April 22, 2024

FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. 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 daily newsletter,...

Consumer Finance
Marqeta and Rain Team to Offer Earned Wage Access Debit Cards
April 18, 2024

Marqeta is expanding its earned wage access program with assistance from financial wellness provider Rain. 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 daily newsletter, PYMNTS Today....

Consumer Finance
Nearly Half of US Consumers Earning $100K+ Live Paycheck to Paycheck
April 18, 2024

According to PYMNTS Intelligence, 62% of U.S. consumers now live paycheck to paycheck, and that includes 48% of consumers earning more than $100,000 annually. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...