credit

NEW DATA: One-Third Of Consumers Think Their Credit Is Better Than It Is
NEW DATA: One-Third Of Consumers Think Their Credit Is Better Than It Is
July 16, 2021  |  Credit Cards

In spite of alternative credit score initiatives by J.P. Morgan Chase, Wells Fargo and U.S. Bank, the traditional credit score system is not going away...

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Discover Backs Sezzle With $30M To Offer Shoppers Buy Now Pay Later Tool
Discover Backs Sezzle With $30M To Offer Shoppers Buy Now Pay Later Tool
July 15, 2021  |  Buy Now Pay Later

Discover is backing Sezzle with a $30 million investment on a per-share price of $6.58 for approximately 4.6 million total shares issued. The shares will...

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44M ‘Invisible Consumers’ Want Credit And Control, New PYMNTS Study Shows 
44M ‘Invisible Consumers’ Want Credit And Control, New PYMNTS Study Shows 
July 14, 2021  |  Buy Now Pay Later

When it comes to issuing credit, one of the biggest blocks of available consumers in the U.S. also happens to be nearly impossible to see....

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Citi’s US Branded Card Spend Surges 40 Pct Year On Year 
Citi’s US Branded Card Spend Surges 40 Pct Year On Year 
July 14, 2021  |  Earnings

For banks this earnings season, it’s variations on the “reserve release” theme. It’s a common refrain now — and Citigroup joins the fray. Second-quarter results...

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Report: Financially Underserved Consumers 3X More Likely To Use BNPL Options At Checkout
Report: Financially Underserved Consumers 3X More Likely To Use BNPL Options At Checkout
July 14, 2021  |  Buy Now Pay Later

The digital shift has created a range of new options for consumers who want better customer experiences, including new ways to pay. Buy now, pay...

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JPMorgan Credit Card Sales Volume Surges 45 Percent, Active Mobile Customers Rise 10 Percent 
JPMorgan Credit Card Sales Volume Surges 45 Percent, Active Mobile Customers Rise 10 Percent 
July 13, 2021  |  Earnings

J.P. Morgan Chase posted second-quarter results that showed continued gains in credit and debit card spending, at a time when consumers paid down card debt...

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Elan Joins African American Credit Union Coalition To Boost Diversity
Elan Joins African American Credit Union Coalition To Boost Diversity
July 12, 2021  |  Financial Inclusion

Credit card issuer Elan is now the newest member of the African American Credit Union Coalition (AACUC), a nonprofit organization of African American professionals working...

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Today In Digital-First Banking: CheckAlt, LEVERAGE Collaborate On CU Loan Repayment; Cross River Bank Reportedly Aiming To Raise $200M
Today In Digital-First Banking: CheckAlt, LEVERAGE Collaborate On CU Loan Repayment; Cross River Bank Reportedly...
July 08, 2021  |  Digital-First Banking

In today’s top news in digital-first banking, CheckAlt is collaborating with LEVERAGE Payment Solutions to take on the challenges in supporting indirect loans, while Cross...

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Wells Fargo Pulls Plug On Individual Credit Lines
Wells Fargo Pulls Plug On Individual Credit Lines
July 08, 2021  |  Banking

Wells Fargo is closing down personal credit lines as the bank moves to drop the banking product, CNBC reported on Thursday (July 8), citing letters the news outlet...

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