PYMNTS Intelligence has detailed that consumers opt for buy now, pay later (BNPL) plans because they’re convenient and accessible. More than half of the individuals that we’ve surveyed have said that they’d used installment options through the past year. And 76% of those consumers who...
Affirm said Wednesday (March 19) that it plans to begin furnishing information about all of its payment plans to Experian on April 1. This move will expand Affirm’s credit reporting to Experian to include its pay-over-time products, in addition to the monthly installments of longer-term...
Monday (March 10) marked another bloodletting on Wall Street, another slew of headlines about tariffs and trade wars. And as economic concerns mount, the picture on consumer debt becomes cloudier. PYMNTS reported recently that data from the Federal Reserve revealed overall credit increased $18.1 billion...
The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk data” and don’t secure “loopholes” in the law that prevent that accountability. The regulator filed the amicus brief in a...
October 09, 2024
Despite the volatility month to month on credit card debt, per government reports, the trend remains, generally, upward and to the right. And for consumers already shouldering that card debt, where historically high interest rates are a hallmark, even with recent interest rate cuts, personal loans and debt consolidation offerings beckon. The latest consumer credit […]
May 22, 2024
Recent announcements from some marquee names in financial services, and commercial partnerships, underscore the use of data, down to the consumer level, in crafting ever-more-relevant card-linked offers. In doing so,...
August 17, 2022
Healthcare is supposed to get us out of danger, not place us in harm’s way. The hard truth is that data breaches in the space are at historic levels, compromising...
February 27, 2019
Lawmakers grilled the heads of Equifax, Experian and TransUnion, calling the credit reporting a “broken” system — and new legislation introduced this week has some far-reaching changes. In the meantime,...
March 25, 2025
Experian has launched a tool designed to increase financial access for people with limited credit history. Cashflow Score, unveiled Tuesday (March 25), is designed to give lenders a clearer view of applicants’ financial behavior, aimed at helping people with little to no credit history improve financial access using only bank account data. “We believe in a future where […]
March 19, 2025
Affirm said Wednesday (March 19) that it plans to begin furnishing information about all of its payment plans to Experian on April 1. This move will expand Affirm’s credit reporting...
January 16, 2025
The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk data” and don’t secure “loopholes”...
January 07, 2025
The Consumer Financial Protection Bureau (CFPB) sued consumer reporting agency Experian on Tuesday (Jan. 7), alleging that the company unlawfully failed to properly investigate consumer disputes and included incorrect information...
