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
1 In 4 US Cardholders Saw Credit Limit Cut Over The Last Month
Consumer Finance
1 In 4 US Cardholders Saw Credit Limit Cut Over The Last Month
May 04, 2020

Nearly 50 million credit card customers in the U.S. said they have had their credit limit slashed or their card closed in the past month as lenders move to minimize their risk amid the COVID-19 shutdown, a new study revealed. Get the Full Story Complete...

NY, CA Governors Push For Tighter State Financial Regulation
Consumer Finance
NY, CA Governors Push For Tighter State Financial Regulation
March 16, 2020

New York and California governors are concerned about careless federal supervision of the financial sector and are advocating for increased state regulatory power, The Wall Street Journal reported on Monday (March 16). Get the Full Story Complete the form to unlock this article and enjoy...

InDebted Notches $14M To Use Machine Learning In Debt Collection
Consumer Finance
InDebted Notches $14M To Use Machine Learning In Debt Collection
March 05, 2020

The Australian FinTech InDebted announced it has raised A$14 million ($9 million) in its Series A funding round, co-led by venture capital firms Carthona Capital and MassMutual Ventures Southeast Asia, with participation from Reinventure. Get the Full Story Complete the form to unlock this article...

LendingClub President: FICO’s New Model Won’t Save A Credit Scoring ‘Dinosaur’
Consumer Finance
LendingClub President: FICO’s New Model Won’t Save A Credit Scoring ‘Dinosaur’
January 24, 2020

In lending, in determining whether credit is likely to be repaid by a borrower, the devil is in the details. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Verizon Partners With Synchrony On Credit Card Offering
Consumer Finance
Verizon Partners With Synchrony On Credit Card Offering
January 24, 2020

Verizon is partnering with financial firm Synchrony to put out its own consumer card in the first half of this year, they said on Thursday (Jan. 23), according to published reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

FICO’s New Scoring Algorithm Promises Big Swings In Consumer Scores
Consumer Finance
FICO’s New Scoring Algorithm Promises Big Swings In Consumer Scores
January 23, 2020

Might the rising tide of debt slow to a trickle? 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 completing this...

Personal Loan Growth Hints At Strategy Vs Credit Card Debt
Consumer Finance
Personal Loan Growth Hints At Strategy Vs Credit Card Debt
November 26, 2019

Call it a case of six of one, half dozen of the other. 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....

Amex’s Revamped Green Card Expands Rewards For Travel, Transit, Dining
Consumer Finance
Amex’s Revamped Green Card Expands Rewards For Travel, Transit, Dining
October 24, 2019

American Express has announced that it has reimagined its American Express Green Card to include new benefits and features. 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...

Square Cash Offers Free In-App Stock Trading
Consumer Finance
Square Cash Offers Free In-App Stock Trading
October 24, 2019

The popular Cash app, owned by Square, now has the ability for users to buy and sell stocks. 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...