credit friction

Cross River Bank and Current Launch Credit-Building Product
Cross River Bank and Current Launch Credit-Building Product
August 23, 2023  |  credit frictions

Cross River Bank has partnered with FinTech platform Current to launch a new credit-building product that will benefit Current’s over 4 million members. The credit-building product will...

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Why Visa Says It’s Time to Look Beyond the ‘Personal FICO’ to Underwrite Small Businesses’ Credit
Why Visa Says It’s Time to Look Beyond the ‘Personal FICO’ to Underwrite Small Businesses’...
June 08, 2023  |  credit frictions

Over the past few years, consumers have steadily returned to brick-and-mortar stores and spending seems resilient, albeit slowing a bit, even with inflation stubbornly in...

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Fed’s Nod to Credit Tightening Portends Tough Times for Paycheck-to-Paycheck Economy
Fed’s Nod to Credit Tightening Portends Tough Times for Paycheck-to-Paycheck Economy
March 22, 2023  |  credit frictions

Another Fed meeting, another interest rate hike … and more trouble ahead for paycheck-to-paycheck consumers and small to midsize businesses (SMBs). The central bank boosted...

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