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 delinquent on their payments climbed to 6.56% in January, Bloomberg News reported Thursday (March 6), citing data from Fitch Ratings. That figure is...
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 be one where lending is actually curtailed, particularly as a few states have sought to winnow down rates lenders can...
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 demand for home improvement projects, the Financial Times (FT) reported Sunday (March 2) As that report noted, shares of a...
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: “We welcome the CFPB’s decision to dismiss this action, which we strongly disputed.” The CFPB announced the lawsuit in January,...
January 29, 2025
The state and stability of one’s job — and by extension, earnings prospects — lies at the heart of consumers’ confidence over their own financial condition, both in the present and in the future. Recent data — from both PYMNTS Intelligence and from surveys elsewhere about over consumer confidence — indicate that there’s a bit […]
January 13, 2025
Every three months, some of the biggest names in banking report earnings, all on the same day, kicking off an avalanche of quarterly reports across all manner of sectors. The roster...
January 03, 2025
By any stretch of the imagination, for the FinTech IPO Index, the last 12 months have been largely kind. Headed into 2025, the index was up more than 58% through...
November 26, 2024
Headed into Black Friday, consumers are more positive than they have been in months. That’s among the takeaways from the latest reading of The Conference Board’s Consumer Confidence Index released...
March 10, 2025
The credit risk associated with large, syndicated bank loans remains moderate, although there are some continuing trends in weakened credit quality, three federal bank regulatory agencies said Monday (March 10). That’s according to a Monday press release from the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of the Comptroller of the […]
March 06, 2025
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 delinquent on their payments climbed...
March 02, 2025
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 demand for home improvement projects,...
February 27, 2025
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: “We welcome the CFPB’s decision...
