consumer finance

Bank of America CFO Says Biggest Q4 Story Is in Deposits

Bank of America CFO Says Biggest Q4 Story Is in Deposits
Bank of America CFO Says Biggest Q4 Story Is in Deposits
January 16, 2025  |  Earnings

Bank of America’s fourth quarter earnings, released Thursday (Jan. 16) indicated continued momentum in the digital shift that has now resulted in 61% of its...

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Banning Medical Debt From Credit Reports May Have Unintended Consequences
Banning Medical Debt From Credit Reports May Have Unintended Consequences
January 08, 2025  |  Consumer Finance

The promise of eliminating medical debt from credit reports — per the finalized rule from the Consumer Financial Protection Bureau (CFPB) — is that consumers’...

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Revolving Credit Drops 12% in November as Consumers Trim Balances
Revolving Credit Drops 12% in November as Consumers Trim Balances
January 08, 2025  |  Consumer Finance

November’s stats from the Federal Reserve on consumer credit — known as the G.19 report — show a reversal from recent months, where households kept...

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Report: Ally Cutting Jobs and Ending Mortgage Originations
Report: Ally Cutting Jobs and Ending Mortgage Originations
January 08, 2025  |  Consumer Finance

Ally Financial is reportedly cutting staff, ending mortgage originations and rethinking its credit card business. Get the Full Story Complete the form to unlock this...

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CFPB Bans Medical Debt From Consumer Credit Reports
CFPB Bans Medical Debt From Consumer Credit Reports
January 07, 2025  |  Debt

Medical debt will no longer appear on consumers’ credit reports under a new government rule. Get the Full Story Complete the form to unlock this...

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Cash-Strapped Consumers 3.5 Times More Likely to Use BNPL
Cash-Strapped Consumers 3.5 Times More Likely to Use BNPL
December 16, 2024  |  BNPL

More than one-third of U.S. consumers are struggling with cash flow shortages, forcing them to make tough choices about how they pay for everyday necessities....

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Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
December 08, 2024  |  Consumer Finance

New Federal Reserve data shows American consumers’ credit card debt continuing to climb. Get the Full Story Complete the form to unlock this article and...

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New Bank Capital Rules May Pressure Credit Access for Paycheck-to-Paycheck Consumers
New Bank Capital Rules May Pressure Credit Access for Paycheck-to-Paycheck Consumers
November 15, 2024  |  Credit Cards

Consumers are borrowing more on their credit cards — just to pay the monthly bills. Get the Full Story Complete the form to unlock this...

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