consumer finance

Caution Clouds Walmart and Amazon Outlook as Shoppers Tighten Budgets
Caution Clouds Walmart and Amazon Outlook as Shoppers Tighten Budgets
March 14, 2025  |  Retail

Mark your calendar for earnings reports. For Amazon it’s April 29. For Walmart it’s May 15.   If you have any stake or interest in...

READ MORE >
Square Financial Services to Service and Originate Cash App Borrow Loans
Square Financial Services to Service and Originate Cash App Borrow Loans
March 13, 2025  |  Consumer Finance

Block said Thursday (March 13) that its industrial bank, Square Financial Services (SFS), received approval from the Federal Deposit Insurance Corp. (FDIC) to offer the...

READ MORE >
Subprime Borrowers Seek Strategies to Improve Their Credit Scores
Subprime Borrowers Seek Strategies to Improve Their Credit Scores
March 12, 2025  |  Consumer Finance

The pressures of mounting card debt, still-high interest rates and tightening underwriting threaten to expand the ranks of subprime borrowers — all the while making...

READ MORE >
LoanDepot Originations Surge 34% on Lower Rates, CEO Says Housing Market ‘Remains Challenged’
LoanDepot Originations Surge 34% on Lower Rates, CEO Says Housing Market ‘Remains Challenged’
March 11, 2025  |  Earnings

LoanDepot’s fourth quarter earnings, released after the markets closed on Tuesday (March 11) indicated double-digit growth loan originations that took advantage of lower interest rates...

READ MORE >
Who Is the Paycheck-to-Paycheck Consumer in America?
Who Is the Paycheck-to-Paycheck Consumer in America?
March 11, 2025  |  Consumer Finance

A six-figure income, a house in a nice neighborhood, two cars in the garage and kids in private schools — yet still feeling panicked when...

READ MORE >
NY Fed: Consumers Feeling Gloomier About Financial Futures
NY Fed: Consumers Feeling Gloomier About Financial Futures
March 11, 2025  |  Consumer Finance

New data shows growing financial pessimism among Americans, the latest sign of shaky consumer confidence. The February installment of the Federal Reserve Bank of New...

READ MORE >
Will Macro Pressures and ‘FICO Creep’ Be a Boon for Pay Later Options?
Will Macro Pressures and ‘FICO Creep’ Be a Boon for Pay Later Options?
March 10, 2025  |  Consumer Finance

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...

READ MORE >
Late Student Loan Borrowers Face 129-Point Credit History Hit
Late Student Loan Borrowers Face 129-Point Credit History Hit
February 27, 2025  |  Loans

There’s a new source of stress facing America’s already-stressed student loan borrowers. For the first time since the pandemic, delinquent payments will be added to...

READ MORE >
50 Million Credit Card Outsiders May Be Winners as Banks Bid for Their Business
50 Million Credit Card Outsiders May Be Winners as Banks Bid for Their Business
February 27, 2025  |  Credit Cards

For years, the so-called “credit card outsiders,” a diverse group of American consumers that includes a variety of cohorts, have each independently resisted the credit...

READ MORE >