consumer credit

Consumers With Cash Flow Gaps Are 3.5x More Likely to Use BNPL

Consumers With Cash Flow Gaps Are 3.5x More Likely to Use BNPL
Consumers With Cash Flow Gaps Are 3.5x More Likely to Use BNPL
February 06, 2025  |  BNPL

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...

READ MORE >
New Data: Financially Strapped Consumers Move to Credit Card Alternatives
New Data: Financially Strapped Consumers Move to Credit Card Alternatives
February 05, 2025  |  Consumer Finance

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...

READ MORE >
Enova Sees ‘Stable’ Nonprime Consumer Credit, Small Business Trends
Enova Sees ‘Stable’ Nonprime Consumer Credit, Small Business Trends
February 04, 2025  |  Earnings

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...

READ MORE >
CFPB Warns Consumers of Rising Number of Credit Reporting Firms
CFPB Warns Consumers of Rising Number of Credit Reporting Firms
January 30, 2025  |  Legal & Regulation

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...

READ MORE >
Ally Sells $2.3 Billion Credit Card Business to CardWorks
Ally Sells $2.3 Billion Credit Card Business to CardWorks
January 22, 2025  |  Partnerships

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...

READ MORE >
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
January 21, 2025  |  Banking

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...

READ MORE >
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
January 16, 2025  |  Legal & Regulation

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...

READ MORE >
TransUnion Expands in Mexico With $560 Million Buro de Crédito Deal
TransUnion Expands in Mexico With $560 Million Buro de Crédito Deal
January 16, 2025  |  Partnerships

TransUnion plans to purchase Mexico’s biggest credit bureau’s consumer credit business for $560 million. The deal, announced Thursday (Jan. 16), makes it the majority owner of Trans Union...

READ MORE >