August 20, 2024
Shadow Banking’s Surge Leads to ‘Know Your Business’ Priority
There used to be an old radio show that asked about the evil that lurked in peoples’ hearts. “The Shadow knows,” intoned the narrator. We’ll bend that verbiage a bit...
August 15, 2024
House Republicans Slam CFPB’s Medical Bill Proposal
House Republicans are attacking a proposal that would remove medical bills from consumer credit reports. The Consumer Financial Protection Bureau (CFPB) issued its proposed rule in June, quickly drawing a...
August 13, 2024
Rental Payment Innovations Help Tenant Cash Flow
Earlier this year, PYMNTS Intelligence estimated that for consumers, and especially for paycheck-to-paycheck consumers, the cost of housing has been taking a significant chunk out of households’ take-home pay. In...
August 08, 2024
QVC CEO Aims Social Commerce at Gen Z Parents
Amid merchants’ gold rush for young consumers’ social commerce spending, Qurate Retail is focusing on an often-overlooked demographic: Generation X and baby boomer women on social media and other digital...
August 07, 2024
Consumer Borrowing Rises Less Than Expected in June
Consumers’ total outstanding credit increased by $8.9 billion in June, with a rise in non-revolving credit partially offset by a decline in revolving credit. Non-revolving credit increased by $10.6 billion during the...
August 07, 2024
Metaverse Companies Struggle With Declining Values, Complexity
The metaverse may not be living up to the lofty promises that captured the attention of enthusiasts. The metaverse, an interconnected system of digital worlds built on blockchain technology and...
August 07, 2024
MoneyLion Continues to Play Winning Hand With Middle-Income Americans
The MoneyLion business model pivot continues. A year after posting substantial losses as a neobank, the financial services portal rode its new business model to a second straight profitable quarter...
August 06, 2024
Fed Data Shows 9.1% of Credit Card Balances Hit Delinquency...
Delinquency rates are unchanged, at least in the second quarter. But debt is still rising, indicating the pressures of recent and continued spending on credit cards, on new auto loans...
August 04, 2024
Bilt Valued at $3.2 Billion as Rewards Program Grows
Loyalty rewards platform Bilt is valued at $3.2 billion after a new funding round. The company raised $150 million from a round led by the Ontario Teachers’ Pension Plan, Bilt...
