Truv has acquired Credegraph to expand its lending verification offerings. The acquisition adds Credegraph’s credit decisioning platform to Truv’s consumer-permissioned data platform, the companies said in a Tuesday (May 9) press release. This combination will enable lenders to verify an applicant’s ability to repay a...
Did it all start with diapers? WSJ reported this week (May 2) that inflation was a more difficult economic challenge than Jerome Powell, Janet Yellen and others had originally anticipated. While that may not be news to consumers living paycheck to paycheck, one reason that WSJ suggested is driving prolonged higher...
For U.S. consumers, the juggling act of which bills to pay — and when — is real. To that end, the loan data from bank earnings over the past several weeks signal that consumers are falling behind on the payments necessary to keep their cars...
PYMNTS’ research finds that 60% of United States consumers live paycheck to paycheck as of March 2023. Our data also reveals significant generational differences in how the rising cost of living impacts consumers’ financial lifestyles. For instance, millennials are the most likely to live paycheck...
Buddy has partnered with Plaid to help members of Generation Z manage their finances. By integrating with Plaid’s open finance services, Buddy’s budgeting app for Gen Z can allow users to securely connect their financial accounts and track their spending, Buddy said in a Tuesday...
Millennials were first the punchline of work productivity jokes; now, Gen Z has inherited the dubious honor. Data shows that this type of humor may have been misguided. Last week (Apr. 11), the Wall Street Journal profiled a smattering of young adults breaking the stereotypes of Gen...
Young consumers’ financial avoidance may represent a loyalty opportunity for banks to create novel account analytics. A Wall Street Journal article earlier this week (April 17) said the youngest generation of adult consumers’ preferred method of facing mounting debt is to ignore it. This less-than-healthy strategy that...
Credit is harder to come by. And that means a lifeline for consumers — and the businesses reliant upon them — is not as dependable as it one was. To that end, the Federal Reserve of New York’s March Survey of Consumer Expectations found that...
Advice on planning for the financial future may be of use to more than just younger generations. As some baby boomers and others getting ready to leave the workplace are unfortunately finding out, retirement is just a concept without the funds to back the lifestyle...