personal finance

Are High-Income Consumers Poised to Pull Back and Trade Down?
Are High-Income Consumers Poised to Pull Back and Trade Down?
October 27, 2023  |  Consumer Finance

The latest reading on consumer sentiment signals that high-income consumers may embrace a few strategies to deal with concerns over inflation and dwindling stock portfolios....

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US Bank Debuts Avvance Installment Payment Tool
US Bank Debuts Avvance Installment Payment Tool
October 24, 2023  |  Loans

U.S. Bank has introduced a tool that lets businesses offer consumer financing at point-of-sale. The lender’s Avvance offering, announced Tuesday (Oct. 24) is an “embedded, multi-channel point-of-sale lending...

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55% of High-Debt Consumers Grapple With Auto Loans as Delinquencies Soar
55% of High-Debt Consumers Grapple With Auto Loans as Delinquencies Soar
October 23, 2023  |  Loans

Access to a car is crucial for many Americans, especially those living in areas with limited public transportation options. However, the historically high prices of...

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FinTech Tools Help Teens Build Credit Amid Increase in Social Media Financial Influencers
FinTech Tools Help Teens Build Credit Amid Increase in Social Media Financial Influencers
October 23, 2023  |  Personal Finance

In a world where children and teenagers often grow up surrounded by screens and smartphones, a new breed of companies, particularly FinTech firms, is using...

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Vacation Expenses Add to Consumers’ Financial Stress as Holidays Approach
Vacation Expenses Add to Consumers’ Financial Stress as Holidays Approach
October 20, 2023  |  BNPL

As the holiday season and festivities draw near, consumers, particularly those living paycheck to paycheck, are bracing themselves for the added financial stress that accompanies...

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1 in 5 Paycheck-to-Paycheck Consumers Use Credit to Cope With Unexpected Financial Difficulties
1 in 5 Paycheck-to-Paycheck Consumers Use Credit to Cope With Unexpected Financial Difficulties
October 19, 2023  |  Personal Finance

Living paycheck to paycheck is a financial reality for many Americans, a trend that PYMNTS has tracked for some time. According to a recent report...

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International Credit Union Day Spotlights Member-First Innovation
International Credit Union Day Spotlights Member-First Innovation
October 19, 2023  |  Credit Unions

In 1948, International Credit Union Day was created to celebrate credit unions around the world.  Since then, the third Thursday of every October has been dedicated to...

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40% of Millennials Tap Installment Plans to Improve Their Credit Scores
40% of Millennials Tap Installment Plans to Improve Their Credit Scores
October 16, 2023  |  Payment Methods

Installment plans have emerged as a popular payment method, offering consumers the flexibility to pay for their purchases over time, rather than upfront. This enables...

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Wells Fargo Expands Availability of Digital Financial Advice Services
Wells Fargo Expands Availability of Digital Financial Advice Services
October 12, 2023  |  Personal Finance

Wells Fargo has expanded the availability of its personalized digital financial advice and planning services, known as LifeSync, to all its consumer customers. LifeSync was initially launched...

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