consumer finance

Unexpected Life Events Throw Many Consumers Into Credit Insecurity
Unexpected Life Events Throw Many Consumers Into Credit Insecurity
May 15, 2023  |  Consumer Finance

Bank charge-off rates indicate possible trouble on the horizon as consumers increasingly miss monthly payments.  It can take just a single life event to turn...

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 ‘High Spenders’ May Seek Credit Card Alternatives as Balances Build 
 ‘High Spenders’ May Seek Credit Card Alternatives as Balances Build 
May 11, 2023  |  Payment Methods

Credit cards have been a lifeline in the current inflation-fueled economy. But for the consumers who have been using their credit cards to cover a...

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Hometap Launches Home Equity Dashboard to Power Homeowners’ Financial Decisions
Hometap Launches Home Equity Dashboard to Power Homeowners’ Financial Decisions
May 10, 2023  |  Consumer Finance

Hometap has launched a digital platform designed to help homeowners make more informed financial decisions about their home. The new Home Equity Dashboard allows homeowners...

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Millennials’ Need for Credit and Financial Inclusion Offers Opportunity For FinTechs
Millennials’ Need for Credit and Financial Inclusion Offers Opportunity For FinTechs
May 09, 2023  |  Consumer Finance

Alternative data and scoring models can help deepen financial inclusion. Youth belongs to the young, goes the old saying. So does the future of financial...

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Truv Acquires Credegraph to Expand Lending Verification Offerings
Truv Acquires Credegraph to Expand Lending Verification Offerings
May 09, 2023  |  Consumer Finance

Truv has acquired Credegraph to expand its lending verification offerings. The acquisition adds Credegraph’s credit decisioning platform to Truv’s consumer-permissioned data platform, the companies said...

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An Industry Insider on How Secured Cards Can Boost Credit Profiles
An Industry Insider on How Secured Cards Can Boost Credit Profiles
May 09, 2023  |  Financial Inclusion

Nearly 60% of millennials report subprime credit scores, making it harder for them to get credit from traditional sources and build a credit profile. A...

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Gen Z, Millennials Use Credit Cards 30% More Than the  Average Cardholder
Gen Z, Millennials Use Credit Cards 30% More Than the Average Cardholder
May 09, 2023  |  Credit Cards

Inflation is pushing credit card spending to new heights as consumers increasingly use cards to pay for daily expenses. PYMNTS’ latest study reveals that one-third...

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Popular ‘Life Hacks’ Help Gen Z Manage Growing  Financial Stresses
Popular ‘Life Hacks’ Help Gen Z Manage Growing Financial Stresses
May 08, 2023  |  Economy

Navigating the current economic turbulence is a key task for seemingly all consumers now, but members of Generation Z are doing so with their style....

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FinTechs Clear Credit Path for 57% of Subprime Millennials
FinTechs Clear Credit Path for 57% of Subprime Millennials
May 08, 2023  |  Financial Inclusion

With concerns over the banking system dominating the news after the collapse of Silicon Valley Bank and others, it can be easy to lose sight...

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