consumer credit

Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
December 08, 2024  |  Consumer Finance

New Federal Reserve data shows American consumers’ credit card debt continuing to climb. The data, released Friday (Dec. 6), showed U.S. consumer credit climbing from...

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A Third of Consumers Have Been Victimized by Credit Card Fraud
A Third of Consumers Have Been Victimized by Credit Card Fraud
December 05, 2024  |  Security & Fraud

Credit card fraud is a rising concern for American consumers, with nearly 1 in 3 reporting fraudulent charges in the past year. As incidents of...

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Study Shows Power of Word of Mouth in Credit Card Customer Acquisition
Study Shows Power of Word of Mouth in Credit Card Customer Acquisition
November 06, 2024  |  Credit Cards

Understanding which consumers are drawn to which cards can help financial institutions hone their marketing. PYMNTS Intelligence data shows that nearly 1 in 3 consumers...

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CapOne CEO Says Consumers in ‘Good Shape’ as Card Purchases Surge
CapOne CEO Says Consumers in ‘Good Shape’ as Card Purchases Surge
October 24, 2024  |  Earnings

Capital One’s most recent quarterly earnings, posted Thursday (Oct. 24) after the bell, indicated that cardholders continued to embrace credit as a key payment method,...

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Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl
Upstart Sells $2 Billion of Consumer Installment Loans to Blue Owl
October 10, 2024  |  Loans

FinTech lender Upstart Holdings has sold up to $2 billion of consumer installment loans to private credit lender Blue Owl Capital. The deal includes $290 million of personal...

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Fed Data Shows Credit Unions Making Gains With Cardholders and Non-Revolving Debt
Fed Data Shows Credit Unions Making Gains With Cardholders and Non-Revolving Debt
October 09, 2024  |  Credit Unions

Spending on the cards may be slowing, non-revolving debt is still rising, and credit unions — as shown by the Federal Reserve’s latest data on...

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Consumer Credit Growth Slows as Revolving Credit Declines
Consumer Credit Growth Slows as Revolving Credit Declines
October 07, 2024  |  Consumer Finance

Consumers’ total outstanding credit grew at a seasonally adjusted annual rate of 2.1% in August, after rising at a rate of 6.3% in July and...

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Visa: Data Orchestration Will Boost Embedded Finance Adoption Globally
Visa: Data Orchestration Will Boost Embedded Finance Adoption Globally
October 02, 2024  |  Alternative Finances

Embedded lending’s usage around the globe has been growing — but as we enter new cycles of technology and seamless interactions, we’ll see more consumers...

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DailyPay Unveils Financial Wellness Tool for Credit Monitoring
DailyPay Unveils Financial Wellness Tool for Credit Monitoring
September 16, 2024  |  Personal Finance

DailyPay has debuted “Credit Health,” a tool to help users monitor their financial wellness. Announced Monday (Sept. 16), the offering is integrated into the earned...

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