Current economic conditions and consumers’ drive to maintain a certain standard of living has led to a pervasive level of private debt across the economy,...
Bread Financial Holdings is reportedly grappling with challenges as it confronts rising credit losses and uncertainty surrounding late fees. The company’s stock price fell 3.9% as...
The President Joe Biden administration is taking its campaign against junk fees to the state level. The White House is scheduled to hold a conference...
Payments company Klarna has debuted a program to reduce missing payments among its U.K. borrowers. The Swedish buy now, pay later (BNPL) provider announced recently...
The Biden administration’s targeting of credit card late fees may lead to unintended consequences. Among those consequences: Stifling consumers’ embrace of banks’ innovations designed to avoid...
The Biden administration wants to cap what it calls excessive credit card late fees. The White House announced the plan Wednesday (Feb. 1) as part...
Payment frictions between buyers aren’t just inconvenient — they’re costly. Forty-one percent of buyers have had late fees on vendor payments in the last year,...
Perhaps everyone’s worst nightmare came true for 250,000 employees of 4,000-5,000 small businesses over Labor Day weekend: Payday came, and paychecks didn’t. In fact, it was...
Laying tracks to profits? Yes, for large railroad firms – but for some of their shipping customers, profits are taking a hit. As the financial news...