consumer finance

Block Gains Flexibility With Latest Amendment to Revolving Credit Agreement
Block Gains Flexibility With Latest Amendment to Revolving Credit Agreement
April 01, 2024  |  Consumer Finance

Block has entered into the eighth amendment to its revolving credit agreement with its lenders and the administrative agent, Goldman Sachs Bank USA. This amends a revolving...

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Card Delinquencies, Pressure on Account Openings Signal Rocky Road for Banks, Payment Networks
Card Delinquencies, Pressure on Account Openings Signal Rocky Road for Banks, Payment Networks
April 01, 2024  |  Credit Cards

Earnings season begins anew in just a few weeks, documenting the first few months of the year — and how the March quarter shaped up...

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Credit Card Delinquencies Climb as Consumers’ Savings Dip
Credit Card Delinquencies Climb as Consumers’ Savings Dip
April 01, 2024  |  Consumer Finance

While the average American consumer remains “credit healthy,” some trouble spots are apparent. The latest installment of VantageScore’s Credit Gauge shows delinquencies climbing across all...

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CFPB Recruiting Technologists, Conducting Research to Monitor Emerging Technologies
CFPB Recruiting Technologists, Conducting Research to Monitor Emerging Technologies
March 26, 2024  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) is recruiting more technologists and conducting additional research to address the role of transformative technologies in consumer financial markets....

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New Study Shows Big Gap Between Open Banking Interest and Use
New Study Shows Big Gap Between Open Banking Interest and Use
March 19, 2024  |  Payments Innovation

Open banking payments appeal to consumers. Nearly half of respondents in PYMNTS Intelligence’s latest study are highly willing to use them for at least one...

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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. Revolving credit accounted for $8.4 billion of the increase, while nonrevolving credit made up the...

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Nova Credit Launches Alternative Credit Data Platform for Lenders
Nova Credit Launches Alternative Credit Data Platform for Lenders
March 04, 2024  |  Consumer Finance

Nova Credit has introduced its Nova Credit Platform, which is aimed at transforming how lenders manage and analyze consumer credit data.  This new platform provides a means...

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How WealthTech Firms Are Simplifying Investing for Tomorrow’s High-Net-Worth Individuals
How WealthTech Firms Are Simplifying Investing for Tomorrow’s High-Net-Worth Individuals
March 04, 2024  |  Consumer Finance

A staggering $84 trillion is the amount of cash and assets that Generation X, millennials and Gen Z consumers are set to inherit from older...

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Nearly Half of Gen Z Installment Plan Users Leverage These for Groceries
Nearly Half of Gen Z Installment Plan Users Leverage These for Groceries
March 03, 2024  |  Retail

Among consumers who pay in installments, PYMNTS Intelligence finds, young shoppers are disproportionately ready to use these options to pay for their groceries. By the...

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