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
New Study: 60% of US Consumers Have Cut Spending Due to Inflation
September 27, 2022

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Consumer Finance
Achieve Launches New Digital Personal Finance Brand
September 22, 2022

Personal finance company Achieve has launched a new suite of offerings this month that is designed to get people on a better financial path, moving them from a position of financial struggle to one that is financially thriving, according to a press release Thursday (Sept....

Consumer Finance
LendingClub CEO Says Paycheck-to-Paycheck Living Is ‘New Climate Crisis’
September 22, 2022

As various government agencies and reports use slight inflationary easing to show the economy isn’t in such bad shape, there’s an unescapable chill in the air, and it’s not just winter. It’s the cold reality that living is less affordable than ever. Get the Full...

Consumer Finance
Data Brief: 62% of Consumers Still Expect Recession, Despite Easing Inflation
September 20, 2022

With the U.S. dollar worth only about 88 cents in real terms under inflation pressures of 2022, consumers are clearly fatigued by the affordability battle and not optimistic about regaining buying power in the immediate future, which may have an icy effect on winter holiday...

Consumer Finance
Credit Card Borrowing Nears Pre-Pandemic Levels
September 19, 2022

There are some things we want to see return to pre-pandemic levels, like traveling to far-flung locales or gathering with friends and family. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Consumer Finance
Chinese Economy Feels Sting of Younger Generation’s Thrifty Ways
September 19, 2022

Taking cues from society and social media, young people in China aged 16 to 24 are tucking their money away and going without little luxuries like manicures, high-end makeup and eating out. Get the Full Story Complete the form to unlock this article and enjoy...

Consumer Finance
This Week in Payments: Walmart Bets on Banking, the CFPB Warns of Overdoing BNPL and...
September 16, 2022

This was the week when the Consumer Financial Protection Bureau released its awaited buy now, pay later (BNPL) report — it’s uneasy to say the least — Walmart made a bold move into true retail banking and both consumers and small businesses (SMBs) showed inflation...

Consumer Finance
Restaurants Grab Consumer Spend as Grocery Prices Spike
September 15, 2022

While rising food prices have many consumers, by their own reports, eating out less often, data on their spending suggests that when they do dine at a restaurant, they may be going big, springing for higher-end dining experiences. Get the Full Story Complete the form...

Consumer Finance
New Vehicle Prices Up for 5th Month, Kelley Blue Book Says
September 12, 2022

Although there are more vehicles available to shoppers on dealers’ lots, the price of new vehicles is still rising, having set another record in August.  Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...