consumer finance

Klarna Credit Card to Roll Out in US Within Months
Klarna Credit Card to Roll Out in US Within Months
April 17, 2024  |  Payment Methods

Klarna has opened its waitlist for the new Klarna Card to all U.S. consumers and said the credit card will roll out over the next few months....

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Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
Earnings Season and FICO Data Point to ‘Strong’ Consumer Credit Profiles
April 16, 2024  |  Consumer Finance

Earnings season, so far — and chiefly through the big banks — is pointing to some strength in consumer credit. And that strength has been...

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Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
Bank of America: 1Q Zelle Volumes Surge 26% to $106 Billion
April 16, 2024  |  Earnings

Bank of America’s first quarter results took note of continued use of digital channels in banking — and for payments, too. The bank recorded 3.4...

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Bank Earnings May Highlight Volatile Consumer Spending
Bank Earnings May Highlight Volatile Consumer Spending
April 09, 2024  |  Earnings

Friday marks the beginning of earnings season. And, as is always the case, every three months, the big banks will give a glimpse into the...

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Zolar Raises $109 Million to Launch Financing Solution for Solar
Zolar Raises $109 Million to Launch Financing Solution for Solar
April 08, 2024  |  Consumer Finance

Zolar, a digital platform for residential solar in Germany, has reportedly raised €100 million (about $109 million) in funding to launch a new financing solution...

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Fed Data: US Consumers See Higher Risk of Missing Debt Payments
Fed Data: US Consumers See Higher Risk of Missing Debt Payments
April 08, 2024  |  Economy

Takeaways from the Federal Reserve Bank of New York’s March Survey of Consumer Expectations include emerging concerns about debt. Consumers haven’t budged in their expectations...

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Biden Offers New Debt Relief to Student Loan Borrowers
Biden Offers New Debt Relief to Student Loan Borrowers
April 08, 2024  |  Loans

The White House has unveiled its latest effort to offer relief to student loan borrowers. The plan, President Joe Biden announced Monday (April 8), targets borrowers who...

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Paycheck-to-Paycheck Economy Moves to Higher-Income Brackets
Paycheck-to-Paycheck Economy Moves to Higher-Income Brackets
April 05, 2024  |  Consumer Finance

The good news is the U.S. economy added more than 300,000 jobs last month and many U.S. workers are now earning higher wages.  The not-so-great news...

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Unexpected Expenses Cost Consumers $5,500 on Average Last Year
Unexpected Expenses Cost Consumers $5,500 on Average Last Year
April 05, 2024  |  Consumer Finance

Unemployment dropped 3.8% last month, offering another sign that the U.S. economy is on a slow but steady upward trajectory. And while this news is...

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