Interest Rates

Prospa Lowers Interest Rates In Second Go At IPO

Prospa Lowers Interest Rates In Second Go At IPO
Prospa Lowers Interest Rates In Second Go At IPO
May 17, 2019  |  B2B Payments

More than a year after Prospa delayed its initial public offering (IPO) plans, the Australian alternative lender is once again gearing up to go public —...

READ MORE >
US Credit Card Rates Hit All-Time High
US Credit Card Rates Hit All-Time High
May 17, 2019  |  Consumer Finance

Americans are now paying the highest level ever on credit card interest rates — and that could have a negative impact on consumer spending and...

READ MORE >
Watching Out For Unexpected And Unintended Consequences
Watching Out For Unexpected And Unintended Consequences
May 14, 2019  |  Today In Data

Many ideas can sound good in theory, but turn out less than perfectly in execution. In the 70s, there were gas price caps, and as...

READ MORE >
The Pitfalls Of Unsustainable Supplier Payment Terms
The Pitfalls Of Unsustainable Supplier Payment Terms
May 02, 2019  |  B2B Payments

Lengthening payment terms between corporate buyers and suppliers have built up a bad reputation in the B2B space — thanks, in part, to payment practices...

READ MORE >
Max Levchin: What’s Missing From Today’s Financial Literacy Initiatives
Max Levchin: What’s Missing From Today’s Financial Literacy Initiatives
April 29, 2019  |  Alternative Credit

By the numbers, Americans are not a very financially literate people.  According to a Standard & Poor’s Global Financial Literacy survey only about 57 percent...

READ MORE >
New Wealthfront Cash Accounts Bring In $1B Since Feb
New Wealthfront Cash Accounts Bring In $1B Since Feb
April 24, 2019  |  Banking

Wealthfront’s new cash accounts have brought in $1 billion in customer deposits since the company launched the offering in February. The accounts give customers a higher-than-average,...

READ MORE >
BoA’s Zelle Transactions Up 103 Pct In Q1
BoA’s Zelle Transactions Up 103 Pct In Q1
April 16, 2019  |  Earnings

Bank of America (BoA) missed on revenue when it reported its Q1 earnings on Tuesday (April 16) and predicted net interest income would rise half...

READ MORE >
Rhode Island Eyes Capping Credit Card Interest Rates
Rhode Island Eyes Capping Credit Card Interest Rates
April 09, 2019  |  Consumer Finance

In the United States, credit card balances and the interest rates charged on those balances are on the rise. In the latest data, more than...

READ MORE >