The FICO score is arguably shorthand for creditworthiness — a triple-digit number that helps determine mortgages and all manner of debt that’s extended to applicants,...
For small firms, punching above their weight is key to survival. In financial services, where the global footprint of megabanks can cast a wide shadow...
Consumer lending platform Pagaya is reportedly pushing into the pay later market. The company is about to issue $300 million in bonds that will be...
Block said Tuesday (May 20) that since the launch of its credit products, it has extended over $100 billion in credit while keeping its loss...
Financial institutions and merchants face a persistent challenge: enabling consumers to navigate the inevitability of large, unplanned expenses without undue friction or financial strain. From...
Contrary to perceptions of financial irresponsibility, a significant portion of subprime borrowers actively and strategically use credit to improve their financial standing, revealing an underserved...
Lending to nonbank entities like buyout firms and private credit outfits has topped $1 trillion. As the Financial Times (FT) reported Monday (May 19), this trend is...
In 2022, as the pandemic waned, PYMNTS Intelligence found that only about 9% of consumers used digital banks for their primary financial relationships and accounts....
The latest data on household debt from the Federal Reserve Bank of New York, released Tuesday (May 13), indicated that consumers paid down some of...