consumer credit

Share of Credit Card Accounts Past Due Hits 12-Year High
Share of Credit Card Accounts Past Due Hits 12-Year High
April 10, 2024  |  Credit Cards

A growing share of credit card accounts are past due on their payments. Get the Full Story Complete the form to unlock this article and...

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Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
Consumers’ Total Outstanding Credit Leapt $19.5 Billion in January
March 07, 2024  |  Consumer Finance

Consumers’ total outstanding credit leapt by $19.5 billion in January. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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Pagaya Secures $280 Million Credit Facility for AI-Driven Consumer Finance Products
Pagaya Secures $280 Million Credit Facility for AI-Driven Consumer Finance Products
February 07, 2024  |  artificial intelligence

Pagaya Technologies has secured a credit facility worth $280 million from top global asset managers and financial institutions. Get the Full Story Complete the form to...

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Enova Reports Charge-Offs Rise, Return to Pre-Pandemic Seasonal Patterns
Enova Reports Charge-Offs Rise, Return to Pre-Pandemic Seasonal Patterns
January 30, 2024  |  Earnings

Enova saw its charge-offs increase during the fourth quarter but remain below those it saw before the pandemic. Get the Full Story Complete the form to...

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Kashable Raises $25.6 Million for Employer-Based Lending Tool
Kashable Raises $25.6 Million for Employer-Based Lending Tool
January 18, 2024  |  Investments

FinTech platform Kashable has raised $25.6 million to expand its employer-based lending program. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Shopee Acquires Blu’s Local Credit Arm, Grows Presence in Brazil
Shopee Acquires Blu’s Local Credit Arm, Grows Presence in Brazil
December 18, 2023  |  eCommerce

Shopee, an eCommerce firm owned by Singapore-based Sea, is expanding its presence in Latin America with the acquisition of the local credit arm of Brazilian FinTech...

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1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
November 21, 2023  |  Consumer Finance

As the holidays near, balancing tight budgets with the festive spirit can become a challenge. Which is why traditionally, many consumers turn to credit to...

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Card Issuer Petal Seeks Buyer Amid Struggle for Capital
Card Issuer Petal Seeks Buyer Amid Struggle for Capital
November 19, 2023  |  Credit Cards

Credit card company Petal is reportedly seeking a buyer amid doubts about its viability. Get the Full Story Complete the form to unlock this article and enjoy...

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LendingClub Promotes New Products to Offset Decline in Loan Originations
LendingClub Promotes New Products to Offset Decline in Loan Originations
October 25, 2023  |  Earnings

LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious. Get the Full Story Complete the form to...

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