Interest Rates

Late Car Payments Hit Highest Rate in More Than 30 Years

Late Car Payments Hit Highest Rate in More Than 30 Years
Late Car Payments Hit Highest Rate in More Than 30 Years
March 06, 2025  |  Loans

American consumers are missing monthly car payments at the highest rate since 1994. The share of subprime auto borrowers who were at least 60 days...

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Interest Rate Caps Threaten Credit Access and FinTech Partnerships
Interest Rate Caps Threaten Credit Access and FinTech Partnerships
March 03, 2025  |  Bank Regulation

There have been pockets of momentum to curb interest rates charged for balances credit cards and for loans extended by FinTechs. But the impact may...

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Homeowners Hold Off on Improvements Amid Tariff Unease
Homeowners Hold Off on Improvements Amid Tariff Unease
March 02, 2025  |  Consumer Insights

High interest rates. Pending tariffs on a wealth of foreign imports. Concerns about mass deportations. Taken together, these factors are all driving a drop in...

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CFPB Drops ‘Savings 360’ Lawsuit Against Capital One
CFPB Drops ‘Savings 360’ Lawsuit Against Capital One
February 27, 2025  |  Legal & Regulation

The Consumer Financial Protection Bureau (CFPB) dropped a lawsuit against Capital One on Thursday (Feb. 27). A Capital One spokesperson told PYMNTS in an emailed statement:...

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Weaker Hiring Market Creates Revenue Headwinds for Equifax
Weaker Hiring Market Creates Revenue Headwinds for Equifax
February 06, 2025  |  Earnings

For Equifax, macro headwinds from a job market slowdown and the volatile mortgage market — where uneven loan demand has been a hallmark amid relatively...

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Senate Bill Would Cap Credit Card Interest Rates at 10%
Senate Bill Would Cap Credit Card Interest Rates at 10%
February 04, 2025  |  Credit Cards

Senators Bernie Sanders, I-Vermont, and Josh Hawley, R-Missouri, introduced a bill Tuesday (Feb. 4) that would cap credit card interest rates at 10%. The Sanders-Hawley...

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Banks See Lukewarm Lending in Spite of Wall Street Rally
Banks See Lukewarm Lending in Spite of Wall Street Rally
January 31, 2025  |  Loans

Steady-to-declining interest rates. Inflation under 3%. A relaxed attitude to regulation in D.C. As the Wall Street Journal (WSJ) points out in a report Friday (Jan. 31),...

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Spending Caution Sets In as Consumers Weigh Economic Outlook
Spending Caution Sets In as Consumers Weigh Economic Outlook
January 29, 2025  |  Consumer Insights

The state and stability of one’s job — and by extension, earnings prospects — lies at the heart of consumers’ confidence over their own financial...

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