consumer finance

SoFi Debuts Student Loan Tool as Consumers Feel Repayment Woes
SoFi Debuts Student Loan Tool as Consumers Feel Repayment Woes
June 08, 2023  |  Loans

SoFi has debuted a tool to help consumers pay off student loans and still save for retirement. The personal finance company’s SoFi at Work unit...

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Citizens Financial Says No to Car Loans From Dealers
Citizens Financial Says No to Car Loans From Dealers
June 07, 2023  |  Loans

Citizens Financial Group will stop originating indirect car loans effective July 1. The financial institution will retain and continue to service the existing auto loans on...

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Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
June 07, 2023  |  Consumer Finance

Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Revolving credit increased at an annual rate of 13.1% during the month, while...

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Most Consumers Now Only Carry Cash Out of Habit
Most Consumers Now Only Carry Cash Out of Habit
June 07, 2023  |  Consumer Payments

Inflation may be on a downward trajectory, but consumers do not think so, as perception affects their spending behaviors, prompting them to rethink how they...

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Gen Z Splurges on Grocery Treats as Older Consumers Cut Back
Gen Z Splurges on Grocery Treats as Older Consumers Cut Back
June 04, 2023  |  Retail

As older consumers look for ways to reduce their grocery spending in the face of elevated food inflation, most young shoppers continue to splurge on...

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Grocers Cut Prices Globally as Discount Retailers Gain Share
Grocers Cut Prices Globally as Discount Retailers Gain Share
June 02, 2023  |  Retail

Forced to choose between protecting their margins and losing more share to discount retailers, grocery chains worldwide are slashing prices to remain competitive. In the...

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Kroger: Shoppers Continue to Seek Discounts as Inflation Concerns Decline
Kroger: Shoppers Continue to Seek Discounts as Inflation Concerns Decline
June 02, 2023  |  Retail

Grocery shoppers’ anxieties around food price inflation may be easing somewhat, but they continue to pinch pennies wherever possible. In an interview with PYMNTS, Barbara Connors,...

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Gen Z and Millennials Use Credit as Cash Management Tool
Gen Z and Millennials Use Credit as Cash Management Tool
June 01, 2023  |  Consumer Payments

PYMNTS’ research finds that 83% of consumers made payments for credit products in the last 90 days. Credit, in general, is a significant part of...

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Meet the High Earners Who Can’t Get Credit
Meet the High Earners Who Can’t Get Credit
May 30, 2023  |  Consumer Finance

Access to credit may be the key factor determining whether consumer spending will continue to be resilient. Or not. As detailed in the report “How...

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