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LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans

LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
July 27, 2022  |  Earnings

LendingClub’s transition to a digital banking model proceeds apace, but its core consumer loan business continues to gain traction in an inflationary environment, where maintaining...

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CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. Get...

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Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
July 25, 2022  |  Consumer Finance

Inflation hits everyone, yes — and how they view their financial straits governs how they’ll spend in the near (and longer) term. Get the Full...

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American Express: Millennial, Gen Z Card Spend Up Nearly 50%
American Express: Millennial, Gen Z Card Spend Up Nearly 50%
July 22, 2022  |  Earnings

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42% of Consumers Would Switch Banks to Get Bundled Banking Products
42% of Consumers Would Switch Banks to Get Bundled Banking Products
July 20, 2022  |  Banking

Consumers’ desire for banking convenience has spurred their interest in bundled banking services. In fact, many consumers are willing to leave banks that fail to...

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Weekly TechREG EMEA: Global Regulators Call for Interoperable Stablecoins, CDBCs; EU, UK Lawmakers Take on Credit Card Debt, X-Border Fees
Weekly TechREG EMEA: Global Regulators Call for Interoperable Stablecoins, CDBCs; EU, UK Lawmakers Take on...
July 15, 2022  |  Regulation

This week in TechREG in Europe, the Middle East and Africa (EMEA), global regulators and several central banks discussed the need for regulating the cryptocurrency...

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JPMorgan Says US Consumer in ‘Great Shape’ but Macro Is Deteriorating
JPMorgan Says US Consumer in ‘Great Shape’ but Macro Is Deteriorating
July 14, 2022  |  Earnings

Reports of the death of consumer spending are greatly exaggerated — at least from the point of view of the nation’s largest lender, J.P. Morgan...

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Amex Adds Cash Back Rewards, Other Benefits to Blue Cash Everyday Card
Amex Adds Cash Back Rewards, Other Benefits to Blue Cash Everyday Card
July 14, 2022  |  Credit Cards

American Express has debuted a redesigned Blue Cash Everyday Card, adding new online shopping rewards and credits for streaming and cooking at home, among other...

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Banks Watch Nervously From Sidelines as 9.1% Inflation Crushes Consumers
Banks Watch Nervously From Sidelines as 9.1% Inflation Crushes Consumers
July 13, 2022  |  Economy

Push and pull. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

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