consumer credit

Oct. Consumer Credit Logs Fastest Gains In 11 Months
Oct. Consumer Credit Logs Fastest Gains In 11 Months
December 07, 2018  |  Debt

The willingness to take on debt and open wallets, at least here, remains unabated. In the United States, consumer debt gained at its headiest pace...

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Major Australian Banks Don’t Want Regulatory Overhaul
Major Australian Banks Don’t Want Regulatory Overhaul
November 12, 2018  |  B2B Payments

Australia’s major banks aren’t in support of an overhaul to the new Banking Code of Practice. According to Smart Company, Commonwealth Bank, Westpac, NAB and...

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Walmart-Synchrony Breakup Pinned To Applicant Underwriting
Walmart-Synchrony Breakup Pinned To Applicant Underwriting
October 24, 2018  |  Payment Methods

Synchrony Financial‘s run as the exclusive credit card issuer for Walmart came to an end in July, with reports that Walmart decided this past summer...

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Barclays Rivals Goldman’s Marcus With Digital Bank
Barclays Rivals Goldman’s Marcus With Digital Bank
October 15, 2018  |  Digital Banking

Barclays is ready to offer U.S. consumers a low-cost, digital-only bank that will directly compete with Goldman Sachs‘s Marcus brand. Barry Rodrigues, CEO of cards and...

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Petal Debuts No-Fee Credit Card For Underserved
Petal Debuts No-Fee Credit Card For Underserved
October 02, 2018  |  Payment Methods

Petal, the startup credit card company, announced on Tuesday (Oct. 2) that its credit card is now available via the company’s website. In a blog...

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US Credit Scores Soar To 704, But Debt Looms
US Credit Scores Soar To 704, But Debt Looms
September 25, 2018  |  Debt

New data shows that as U.S. credit scores hit their highest point since the Great Recession, Americans are also borrowing more than ever. According to...

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Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
Laplanche’s Upgrade Raises $62M To Reinvent Consumer Credit
August 23, 2018  |  Loans

When Renaud Laplanche founded LendingClub 12 years ago in 2006, the lending landscape was a very different place. Most consumer and business lending was done...

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$8B In Bad Credit Card Debt Write-Offs Worry US Banks
$8B In Bad Credit Card Debt Write-Offs Worry US Banks
August 21, 2018  |  Consumer Finance

With the rate of delinquent credit card holders slowly rising, some banks are scaling back on opening new accounts. Last year, it was reported that...

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Five At Five: NYC Votes To Impose Ridesharing Cap
Five At Five: NYC Votes To Impose Ridesharing Cap
August 08, 2018  |  News

Welcome to the Five at Five, your late look at the payments and commerce news of the day. Coverage includes New York lawmakers seeking to...

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