May 01, 2024
US Construction Spending Sees Unexpected Drop in March
Construction spending in the U.S. declined unexpectedly in March after being unchanged in February. Data from the Census Bureau released Wednesday (May 1) showed spending at a seasonally adjusted annual rate of $2.083 trillion,...
April 30, 2024
34% of Gen Z Consumers Say Splurging Contributes to Financial...
Spoiler alert: The title of PYMNTS Intelligence’s new report, “Why 60% of Gen Z’s Live Paycheck to Paycheck” gives away a key finding. Six in 10 Generation Z consumers say it’s a...
April 30, 2024
Citi CEO Jane Fraser Says Consumers ‘More Discerning’ in Spending
Consumers are becoming more cautious in their spending, Citi CEO Jane Fraser said Tuesday (April 30). Speaking at the bank’s annual meeting, Fraser told shareholders that while consumers remain “healthy and resilient,” they are...
April 30, 2024
CFPB Says Junk Fees ‘Impede Fair and Competitive Pricing’
The more complex a pricing structure, the more likely consumers are to pay more for products like credit cards, bank accounts, mortgages and auto loans. So said the Consumer Financial...
April 26, 2024
Getting Bipa Right: Biometric Identifiers Must Identify
The Illinois Biometric Information Privacy Act (“BIPA”), 740 ILCS 14/1 et. seq., is one of the most hotly litigated privacy statutes in the country. As it stands, there is no...
April 26, 2024
FinTech IPO Index Adds 3% as Oportun Soars on Preliminary...
For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Earnings Begin to Trickle In Oportun shares soared 32.5%....
April 24, 2024
Report: FDIC Seeking Buyers for Republic First Bancorp
The Federal Deposit Insurance Corp. (FDIC) is reportedly in talks with potential buyers for Republic First Bancorp., a Philadelphia regional bank that does business as Republic Bank. The regulator is approaching potential buyers...
April 24, 2024
CFPB Targets Mortgage Servicer ‘Junk Fees’
America’s consumer finance watchdog is targeting “junk fees” in the mortgage industry. The Consumer Financial Protection Bureau (CFPB) published findings Wednesday (April 24) showing that mortgage servicers — the companies responsible for processing mortgage payments...
April 22, 2024
Beeline to Launch Spanish-Language Version of Home Loan Experience
FinTech mortgage lender Beeline will launch a Spanish-language version of its home loan experience on May 1. Like Beeline’s existing offering, the new experience, which is dubbed Colmena (“hive” in English), will adjust...
