consumer credit

Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business

Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business
Report: JPMorgan Veteran Ed Olebe to Lead Wells Fargo’s Credit Card Business
January 09, 2025  |  Personnel

Wells Fargo has reportedly hired the former head of JPMorgan Chase’s branded credit card business, Ed Olebe, to lead its own credit card business. Olebe left JPMorgan Chase...

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Banning Medical Debt From Credit Reports May Have Unintended Consequences
Banning Medical Debt From Credit Reports May Have Unintended Consequences
January 08, 2025  |  Consumer Finance

The promise of eliminating medical debt from credit reports — per the finalized rule from the Consumer Financial Protection Bureau (CFPB) — is that consumers’...

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Revolving Credit Drops 12% in November as Consumers Trim Balances
Revolving Credit Drops 12% in November as Consumers Trim Balances
January 08, 2025  |  Consumer Finance

November’s stats from the Federal Reserve on consumer credit — known as the G.19 report — show a reversal from recent months, where households kept...

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2025 is a Pivotal Year for BNPL as Providers, CFPB Clash Over Regulations
2025 is a Pivotal Year for BNPL as Providers, CFPB Clash Over Regulations
January 02, 2025  |  BNPL

The Consumer Financial Protection Bureau (CFPB)’s continued push for regulation of buy now, pay later (BNPL) firms offers up a dual-edged sword: The agency’s interpretive...

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Cash-Strapped Consumers 3.5 Times More Likely to Use BNPL
Cash-Strapped Consumers 3.5 Times More Likely to Use BNPL
December 16, 2024  |  BNPL

More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities....

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Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
December 08, 2024  |  Consumer Finance

New Federal Reserve data shows American consumers’ credit card debt continuing to climb. The data, released Friday (Dec. 6), showed U.S. consumer credit climbing from...

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A Third of Consumers Have Been Victimized by Credit Card Fraud
A Third of Consumers Have Been Victimized by Credit Card Fraud
December 05, 2024  |  Cybersecurity

Credit card fraud is a rising concern for American consumers, with nearly 1 in 3 reporting fraudulent charges in the past year. As incidents of...

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Study Shows Power of Word of Mouth in Credit Card Customer Acquisition
Study Shows Power of Word of Mouth in Credit Card Customer Acquisition
November 06, 2024  |  Credit Cards

Understanding which consumers are drawn to which cards can help financial institutions hone their marketing. PYMNTS Intelligence data shows that nearly 1 in 3 consumers...

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