Institutional investors are reportedly pumping billions of dollars into private credit funds. That’s according to a Monday (July 8) report from the Financial Times (FT), which noted...
The House Financial Services Committee on Tuesday (June 30) advanced a package of legislation that would give banks greater flexibility to combat payments fraud, expand...
The way lenders decide who gets credit and on what terms is changing. Institutions that once made a single credit decision per borrower and applied...
For decades, lenders have treated employment as a proxy for stability. But more Americans are piecing together income from hourly work, contract jobs, commissions and...
The worlds of private credit and buy now, pay later (BNPL) loans are increasingly interlinked. And as Bloomberg News reported Sunday (June 28), the overlap between these...
The Consumer Financial Protection Bureau (CFPB) said Wednesday (June 24) that it has made several changes to improve its consumer complaint process, which has been made less effective...
A notable shift is showing up in the finances of subprime consumers: fewer of them are regularly carrying credit card balances month after month, suggesting...
Millennials are moving through their prime earning, spending and household-forming years with unusual economic weight. More than 74 million strong, millennials already account for nearly...