Sections
consumer finance
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2.5KB2B PaymentsAPIs For FinTech Firms And Installment Plans
Programming innovations are making inroads, and are used by FinTech firms and banks to offer financial services to corporations and consumers. This week’s...
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2.5KConsumer FinanceLendingClub President On Credit That Builds Savings
A fine line separates debt and savings (between the black hole of high-interest credit card payments and the slow progress of financial...
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2.2KMarketplace Lending PlatformLendingClub Extends Balance Transfer To More Customers
To drive savings and simplicity while improving financial health, LendingClub has extended balance transfer to more borrowers. The offering lets borrowers seamlessly...
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12.8KHealthcareSolving The $50B Elective Medical Procedure Payments Problem
The demand for elective medical procedures in the U.S. is sky-high, but high costs severely limit consumers’ access to them. The elective...
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2.4KRegulationSenators Urge CFPB To Reconsider Debt Collection Overhaul
A group of senators is urging the Consumer Financial Protection Bureau to reconsider a recently proposed overhaul of debt collection practices that...
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3.1KLegalBattle Over Payday Lending Shifts To Public Comments
The battle over payday lending — specifically, how tough U.S. federal rule will be in governing the industry — is heating up as an...
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5.6KConsumer FinanceHelping Millennials Live Financially Ever After
When Honeyfi got off the ground in 2017, it had a pretty simple idea. Couples could better manage their financial lives if...
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7.9KConsumer FinancePressure Mounts On CFPB Over Public Service Loan Forgiveness Program
Launched in 2008 as a provision of the College Cost Reduction and Access Act (CCRAA), the Public Service Loan Forgiveness program’s objectives...
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3.4KConsumer FinanceRhode Island Eyes Capping Credit Card Interest Rates
In the United States, credit card balances and the interest rates charged on those balances are on the rise. In the latest...
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4.8KRegulationEarnin Investigated For Offering Covert Payday Loans
Silicon Valley-based financial services startup Earnin has potentially run afoul of New York State regulators with its payday advance product for consumers....
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5.5KConsumer FinanceSchwab Bets Big On Subscription-Based Investing
Investing and financial planning company Charles Schwab is moving from its current payment model to a subscription-based one that will provide more...
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3.2KConsumer FinanceTandem Bank Launches New Automatic Savings Account
U.K. challenger bank Tandem Bank is trying to make it easier for consumers to save by launching a new savings account. According to...
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5.9KConsumer FinanceFCA Calls For Lenders To Curb ‘Unacceptable’ Fees
The Financial Conduct Authority (FCA), the U.K.’s financial watchdog, has found that some lenders are inflicting their credit card customers with an...
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5.3KConsumer FinanceUS Credit Card Balances End Year At $870B Record High
Credit card debt in the U.S. reached $870 billion at the end of last year, setting a record. Bloomberg, citing data from...
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4.4KAlternative FinancesAre Mortgages The On-Ramp For Lifelong Financial Management?
Of the scores of innovations and updates to consumer lending seen and written about over the last decade or so, speed is...
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6.7KConsumer FinancePayday Loans, Pawnshops And Borrowed Credit Cards: How Many Americans Got By In 2018
When it comes to managing personal finances, consumers are seemingly taking one step forward and three steps back. For one thing, the...
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3.4KConsumer FinanceReport: Minority Consumers Grapple With Debt
A new report has found that as debt rates have climbed to pre-recession levels, minority consumers are struggling to reach financial parity....
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5.5KConsumer FinanceAffirm Joins The High-Yield Savings Account Crowd
Affirm, a company founded by entrepreneur Max Levchin to provide fair alternative credit, has launched a new free saving account that offers...
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8.0KGig EconomyNEW DATA: Digital Marketplaces And The $1.4T Gig Payments Opportunity
As 2018 came to a close, unemployment was at historic lows — thanks in part to growth in the gig economy. In...
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3.6KConsumer Finance29 Pct Of Millennials Want To Pay Off Debt In 2019
Nearly all American millennials plan on making a financial resolution in 2019, with some of the biggest goals being to save more...
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5.7KEconomy2018: The Year Of The Confident Consumer
What a difference a decade makes. Ten years ago, consumer confidence had slipped to an all-time low, and consumer spending followed it...
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4.4KConsumer FinanceRecurring Card Payments To Hit $473B By 2021
A new report has predicted that recurring transactions processed on debit and credit cards in the United States will reach $473 billion...
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5.9KLoansFDIC Seeks Public Comment On Banks And Small-Dollar Loans
The Federal Deposit Insurance Corporation (FDIC) announced that it is has issued a request for public comments related to small-dollar lending by...
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5.8KDigital BankingTandem Partners With Stripe On New Auto Save Feature
Tandem Bank, the U.K. mobile bank, announced on Wednesday (Nov. 14) a new automatic savings service that will be powered by global...
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7.0KAlternative FinancesAffirm Launches New Features To Help Consumers Spend Responsibly
“The more I looked at retailer-sponsored finance, the more I realized people routinely end up paying atrociously more than they bargained for...
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4.9KAuthenticationDiebold Nixdorf On Why Banks Could Be Digital Identity’s Future
Digital identity in the last few years has gotten a major boost — as of 2018, 60 nations worldwide have embraced some version...
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7.8KConsumer FinanceHow Connected Cars Could Change Auto Finance
The automobile is one of those products that can change countless details of daily lives, to say nothing of the payments and...
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4.2KRetailBread Finance On Why The Early Financing Offer Catches The Conversion Worm
Offering financing to consumers can be a tremendous marketing and customer retention tool for retailers that do it right. The trick, Bread Finance CTO and...
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5.6KFaster PaymentsWill Waiting For Pay Day Soon Be A Thing Of The Past?
While living paycheck to paycheck is often associated with low-salary or part-time workers, the data tells a different story. As it turns...
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4.8KInvestmentsRefund App Truebill Snags $5M, Launches ‘Smart Savings’
Finance app Truebill announced it has raised $5 million in Series A funding and launched a variety of new capabilities. Investors in...
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4.1KB2B PaymentsWhat Newton’s First Law Has To Do With B2B Payments
Maybe Isaac Newton — the hopelessly hopeful alchemist who came up with some solid rules of physics — was a genius of...
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6.3KLoansChina’s X Financial Has A New US IPO And 400M P2P Leads
Peer-to-peer (P2P) lending in China is not for the faint of heart — and that’s putting it lightly. Banks offer credit limits...
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4.5KLoansLaplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business...
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3.6KB2B PaymentsCapital Float M&A Signals Step Beyond SMB Finance
Alternative small business lending firm Capital Float appears to be deepening its footprint in the personal finance market through the acquisition of Walnut....
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4.5KConsumer FinanceMillennials Bummed Over Social Security Prospects
A new study shows that millennials are worried about their retirement, especially their chances of ever collecting Social Security (SS). The Transamerica...
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4.0KBankingCabot Square Capital Sells 321 Crédito
Cabot Square Capital, a U.K. financial services firm, on Wednesday (July 25) sold its entire stake in 321 Crédito, a Portuguese consumer...
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2.0KToday In DataToday In Data: Two Steps Forward, One Step Back
There is a lot to be happy about in 2018 — despite the sometimes dire tone of the headlines. Wages have been going up,...
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2.5KCFPBTrump CFPB Pick Questioned On Consumer Finance Experience
President Donald Trump’s pick to lead the Consumer Financial Protection Bureau (CFPB) held her own during intense questioning by Democratic Senators on...
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Opposition Builds For Trump’s CFPB Mulvaney Replacement
House Minority Leader Nancy Pelosi has criticized President Trump’s reported pick to head the Consumer Financial Protection Bureau (CFPB), saying that Republicans...
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12.6KConsumer InsightsBridge Millennials And The Threat To Physical Retail
Sometimes it pays to follow the scent. Each quarter for about the last 18 months, we’ve asked 4,000 consumers to tell us...
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5.4KCFPBMulvaney Pitches New CFPB Governance To Congress
In his first semiannual report to Congress, Mick Mulvaney said he is taking a narrow approach to running the Consumer Financial Protection...
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5.5KSMBsWhy SMB Lenders Need Straight Through Data
Securing bank financing for a small business (SMB) is neither fast nor easy, but the people running those SMBs need it to...
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7.7KArtificial IntelligenceArtificial Intelligence: FIs’ Friend Or Foe?
Artificial intelligence (AI) doesn’t walk and talk like C3P0 of “Star Wars” (many would say: “Thank God”). It doesn’t mask murderous intentions...
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5.4KPayment MethodsCO-OP Shared Branch Surpassed Chase In Number Of Branches
The CO-OP Shared Branch network announced Wednesday (Aug. 3) that it has passed Chase in the number of branch offices, making the...
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4.5KFraud PreventionProsper Gets Rid Of App Designed To Protect Identities
Prosper Marketplace, the online lender, is reportedly getting rid of its Prosper Daily mobile app, which enabled customers to monitor their personal...
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3.3KInvestmentsUK’s PayBreak Completes £24.5 Million Funding Round
PayBreak, the U.K. FinTech focused on consumer finance, announced Tuesday (June 20) that it has completed a round of fundraising that resulted...
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3.3KCFPBCFPB Requests Retail Credit Cards Offer More Transparent Promotions
The Consumer Financial Protection Bureau (CFPB) announced in a press release that it sent letters to top retail credit card companies encouraging...
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CFPB: Consumer Finance Background Impacts How People Establish Credit Histories
The Consumer Financial Protection Bureau (CFPB) released a study Wednesday (June 7) that shows the way consumers establish their credit history can...
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10.3KCFPBHouse Committee Threatens CFPB’s Cordray With Contempt Charges
In another salvo lobbed by Congress and, specifically, Republicans toward the Consumer Financial Protection Bureau (CFPB), the House Financial Services Committee is,...
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5.3KVantivWhy Millennials Love Subscriptions
When it comes to buying subscriptions, there is something of a generation gap emerging — at least when it comes to products, according...
