April 08, 2024
34% of SMB Execs Say Loan Costs Are a Concern...
From time to time, most small and medium-sized businesses (SMBs) find themselves having to borrow money to meet short-term needs or unexpected expenses. But as PYMNTS Intelligence recently reported, many...
April 08, 2024
Revolving Credit Surge Hints at Split Payments’ Continued Appeal
Debt continues to mount — and at an accelerated pace, per the Federal Reserve’s latest tally on consumer credit. Within that growth likely lies a continued use of card installment plans....
April 08, 2024
Biden Offers New Debt Relief to Student Loan Borrowers
The White House has unveiled its latest effort to offer relief to student loan borrowers. The plan, President Joe Biden announced Monday (April 8), targets borrowers who owe more now than when...
April 07, 2024
The Challenges of Shifting Landscapes
By Brad Staples & Rachel Brandenburger1 Introduction Businesses are facing unprecedented challenges. Changes in the geopolitical landscape call into question (and even reverse) many of the key assumptions that...
April 05, 2024
Paycheck-to-Paycheck Economy Moves to Higher-Income Brackets
The good news is the U.S. economy added more than 300,000 jobs last month and many U.S. workers are now earning higher wages. The not-so-great news is many Americans continue to...
April 05, 2024
CFPB Monitoring Potential Risk of ‘Discount Points’ Paid by Homebuyers
The Consumer Financial Protection Bureau (CFPB) is monitoring the increasing payment of “discount points” by homebuyers and the potential risk this may pose to consumers. The percentage of homebuyers paying...
April 04, 2024
JPMorgan Chase Combines 3 Lines of Business Under Global Banking
JPMorgan Chase has announced a new organizational structure for its Global Banking (GB) business. The GB business now brings together the bank’s Commercial, Corporate and Investment Banking lines, according to a...
April 04, 2024
1 in 5 Low-Revenue SMBs Say No to Borrowing
Many small and medium-sized businesses (SMBs) adhere to lean business practices where decisions to borrow money must be weighed against an array of factors including objectives, revenue levels, cash flow...
April 04, 2024
Klarna Late Fees Spark Uptick in On-Time Payments
Klarna is reportedly sending fewer British customers to debt collectors after introducing late fees. The share of accounts in the United Kingdom using the Swedish company’s pay-in-3 buy now, pay later...
