July 19, 2023
Experian Enables Consumers to Share Payroll Information for Verification
Experian has expanded its real-time income and employment verification offering. The enhancement enables consumers to provide permissioned access to their payroll accounts and share information directly from their employers’ payroll...
July 19, 2023
White House Demands Transparency From Rental Housing Platforms
The White House says three major housing platforms have agreed to provide more transparency to prospective renters. Zillow, Apartments.com, and AffordableHousing.com will begin giving consumers the total of upfront cost of rental properties,...
July 19, 2023
Open Banking Can Help Banks Beat Fraudsters, GIACT Says
Caitlin Sinclair, director of proposition development, financial crime at GIACT, an LSEG business, recently told PYMNTS that open banking can — and will — give rise to empowered consumers, and take...
July 17, 2023
Rejection Rate for Credit Applicants Hits Highest Level Since 2018
The overall rejection rate for credit applicants hit its highest level in five years in June. The rejection rate of 21.8% was the highest level since June 2018, the Federal Reserve...
July 16, 2023
Homeowners Turn to HELOCs as Mortgage Rates Rise
American homeowners are reportedly living in the age of the HELOC. That stands for home equity line of credit, which — as a Saturday (July 15) Bloomberg News report notes...
July 07, 2023
FinTech IPO Index Slips 1% as Affirm Sinks on Analyst...
The job numbers came in hot. The Fed looks set to raise rates. And the interest rate-sensitive names in the FinTech IPO Index took a bit of a hit. In...
July 06, 2023
KeyBank Launches Homebuyer Assistance Program for Underserved Communities
KeyBank has launched a homebuyer assistance program for underserved communities. The new KeyBank Neighbors First Credit program provides credits of up to $5,000 to help homebuyers in underserved communities in Florida...
June 27, 2023
CFPB Cites ACI Worldwide in $2 Billion ‘Mortgage Fiasco’
America’s consumer finance regulator has fined ACI Worldwide for processing more than $2 billion in unauthorized mortgage payments. The Consumer Finance Protection Bureau (CFPB) said Tuesday it had fined ACI...
June 23, 2023
HFSC Chairman Patrick McHenry Opposes Biden Administration Mortgage Plan
The chairman of the House Financial Services Committee aims to reverse a Biden Administration mortgage plan. Rep. Patrick McHenry (R-North Carolina) said Friday (June 23) on the House floor that...
