For Synchrony Financial, consumer spending volumes remain robust, receivables increased — and loans past due are on the rise. As the largest provider of private...
The $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) hit Wells Fargo’s profits. But the bank’s management was sanguine Friday (Jan. 13) on digital...
The surging popularity of buy now, pay later has bucked conventional wisdom about installment lending. “At the beginning of the BNPL boom, we heard all...
Consumer finance platform Lendable has raised $275 million in a funding round that valued the U.K. firm at $4.5 billion, the company said in a...
The last 16 or so months has triggered a full reset of almost every part of consumers’ lives, as they were forced to rewire themselves to...
Capital One Financial said on Tuesday (Jan. 26) that, in its fourth quarter, consumer credit metrics improved as consumers continued to pay down debt. In...
In today’s top news, Ripple said it faces a lawsuit from the SEC over the sale of unlicensed securities and Peloton has acquired fitness equipment...
April wasn’t a good month for consumer-credit use. According to the latest Federal Reserve data, U.S. consumer borrowing dropped 19.6 percent — its fastest decline...
For individuals and small businesses that are having trouble covering the rent during the COVID-19 economic collapse, but might have a credit card or line...