consumer finance

Grocery Store Sales Set for SNAP Shock in March
Grocery Store Sales Set for SNAP Shock in March
February 22, 2023  |  Payment Methods

Grocers may want to brace for a slump as most states cut back food stamps. For all but a smattering of states, Supplemental Nutrition Assistance...

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CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
CFPB Says Collections Data Shows Strapped Consumers Grappling with Utility Bills
February 22, 2023  |  Economy

Keeping the lights and the cell phones on are proving a challenge for cash-strapped consumers. As PYMNTS has found, those obligations are among the most...

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January Furniture Sales Helped by Promotional Financing
January Furniture Sales Helped by Promotional Financing
February 21, 2023  |  Consumer Finance

Consumers’ use of retail promotional financing for in-store purchases of furniture rose in January. The number of applicants for in-store furniture financing programs rose by...

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Consumers Now Spend 22% of Income on Food, Clothing and Shelter
Consumers Now Spend 22% of Income on Food, Clothing and Shelter
February 21, 2023  |  Consumer Finance

Eighty years ago, psychologist Abraham Maslow described mankind’s “hierarchy of needs.” He’d likely gaze in alarm at the price tag, as calculated by PYMNTS, that’s...

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Uncertain Economy Forces Consumer-Centric Focus, Says LendingClub
Uncertain Economy Forces Consumer-Centric Focus, Says LendingClub
February 21, 2023  |  Opinion

The payments industry must be more consumer-centric in the face of an uncertain economy, LendingClub Financial Health Officer Anuj Nayar writes in the new PYMNTS...

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UK Retailers Lead US Counterparts in Adopting In-Store Payments Innovations
UK Retailers Lead US Counterparts in Adopting In-Store Payments Innovations
February 16, 2023  |  Retail

Brick-and-mortar retailers in the United States and the United Kingdom faced stiff competition in 2022 as consumers continued to shop online for everything from essential...

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Goldman Sachs Abandons Plan for Consumer Credit Card
Goldman Sachs Abandons Plan for Consumer Credit Card
February 15, 2023  |  Digital-First Banking

Goldman Sachs has reportedly stopped plans to launch a branded credit card for retail customers. Reached for comment Wednesday (Feb. 15) by PYMNTS, a spokesperson...

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Online Marketplaces or Banks? Consumers Torn on Trusted Keeper of Secure Payments Credentials
Online Marketplaces or Banks? Consumers Torn on Trusted Keeper of Secure Payments Credentials
February 15, 2023  |  Consumer Payments

In recent years, friction in the payments process has remained despite attempts to make payments as seamless as possible. Most consumers would rather not reenter...

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Inflation’s Driven 18M Consumers to Give Up on Buying a New Home
Inflation’s Driven 18M Consumers to Give Up on Buying a New Home
February 09, 2023  |  Real Estate

Increasingly, having a room of one’s own — an affordable house or rental — feels out of reach. In the most recent monthly PYMNTS gauge...

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