consumer finance

Nearly 60% of Americans Shun Automatic Bill Payments, Study Reveals
Nearly 60% of Americans Shun Automatic Bill Payments, Study Reveals
January 24, 2025  |  Payment Methods

When it comes to payments, the “set it and forget it” option certainly has its allure. Get the Full Story Complete the form to unlock...

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Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
January 21, 2025  |  Banking

Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping...

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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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