U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Total credit rose by $40.8 billion following a $5.4 billion decline...
A significant segment of the U.S. population — approximately 53 million individuals — remains outside the traditional credit card ecosystem. These “credit card outsiders” encompass...
As U.S. consumers face cash flow shortages, many are turning to alternative payment methods like buy now, pay later (BNPL) to help them manage their...
Consumers can’t spend money they don’t have, and right now, many are running out of cash. The lenders that win are the lenders that give...
Enova International’s fourth quarter growth — with double-digit gains in loan originations and revenues — showed strength across small business demand and lending to consumers. The...
The CFPB has published its annual list of companies that collect and sell consumer data. The list, the Consumer Financial Protection Bureau (CFPB) said Thursday...
Ally Financial has sold its credit card business to consumer finance company Cardworks. The deal, announced in a news release Wednesday (Jan. 22), will see CardWorks and its subsidiary Merrick...
Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping...
The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk...