credit

Consumers’ Total Outstanding Credit Rose 3.4% in February
Consumers’ Total Outstanding Credit Rose 3.4% in February
April 05, 2024  |  Consumer Finance

Consumers’ total outstanding credit increased by $14.1 billion in February. Revolving credit accounted for $11.3 billion of the increase, while non-revolving credit made up the...

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Unexpected Expenses Cost Consumers $5,500 on Average Last Year
Unexpected Expenses Cost Consumers $5,500 on Average Last Year
April 05, 2024  |  Consumer Finance

Unemployment dropped 3.8% last month, offering another sign that the U.S. economy is on a slow but steady upward trajectory. And while this news is...

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1 in 5 Low-Revenue SMBs Say No to Borrowing
1 in 5 Low-Revenue SMBs Say No to Borrowing
April 04, 2024  |  SMBs

Many small and medium-sized businesses (SMBs) adhere to lean business practices where decisions to borrow money must be weighed against an array of factors including...

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Klarna Launches Page Comparing BNPL, Traditional Credit
Klarna Launches Page Comparing BNPL, Traditional Credit
April 03, 2024  |  BNPL

Klarna has launched a new web page that shares data on its buy now, pay later (BNPL) offerings, including their repayment rates, late fee rates and...

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More Than 30% of Card Users Opt for Cash Back Rewards
More Than 30% of Card Users Opt for Cash Back Rewards
April 02, 2024  |  Loyalty & Rewards

While it’s common for businesses to foster customer loyalty by offering perks in exchange for purchases, cardholders have a certain degree of dissatisfaction with the...

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Intuit Introduces Financial Literacy Courses and Tools for High Schools
Intuit Introduces Financial Literacy Courses and Tools for High Schools
April 02, 2024  |  Financial Inclusion

Intuit launched a financial literacy program that provides U.S. high school educators with resources to teach their students about personal and entrepreneurial finance. The new Intuit for...

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Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
Judge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
April 01, 2024  |  Legal

PayPal won a legal victory against the U.S. consumer protection watchdog. According to court documents cited in a Friday (March 29) Law 360 report, U.S. District...

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Credit Card Delinquencies Climb as Consumers’ Savings Dip
Credit Card Delinquencies Climb as Consumers’ Savings Dip
April 01, 2024  |  Consumer Finance

While the average American consumer remains “credit healthy,” some trouble spots are apparent. The latest installment of VantageScore’s Credit Gauge shows delinquencies climbing across all...

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Consumer Spending Outpaces Income Growth as Inflation Continues
Consumer Spending Outpaces Income Growth as Inflation Continues
March 29, 2024  |  Economy

Consumers keep spending, income growth is muted, and inflation is still here. Bit by bit, debt obligations are eating into disposable income growth. As to...

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