credit

Why Gen Z Shops Merchants That Offer Pay Later Plans
Why Gen Z Shops Merchants That Offer Pay Later Plans
May 16, 2024  |  Consumer Finance

Pay later plans have gained value since they offer consumers flexibility and better spend management. PYMNTS Intelligence reveals consumers’ preferences for these plans, particularly around...

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VantageScore Unveils Credit-Scoring Model That Includes Alternative Open Banking Data
VantageScore Unveils Credit-Scoring Model That Includes Alternative Open Banking Data
May 15, 2024  |  Financial Inclusion

VantageScore unveiled a new credit-scoring model that uses both traditional credit data and alternative open banking data. The combination gives lenders a predictive lift of up...

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Sally Beauty: High-Income Consumers Splurge, but Low-Income Shoppers Still Cautious
Sally Beauty: High-Income Consumers Splurge, but Low-Income Shoppers Still Cautious
May 10, 2024  |  Earnings

As middle- and high-income consumers return to treating themselves to nice-to-haves, such as new personal care products and services, Sally Beauty is seeing low-income shoppers continuing to...

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Financially Struggling Consumers Twice as Likely to Hit Credit Card Limit
Financially Struggling Consumers Twice as Likely to Hit Credit Card Limit
May 09, 2024  |  Credit Cards

Many consumers hit their credit card limit at least sometimes, and for consumers struggling to get by financially, that percentage skyrockets. By the Numbers The December installment...

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CFPB’s Credit Card Late Fee Rule Could Create Buy Now, Pay Later Windfall
CFPB’s Credit Card Late Fee Rule Could Create Buy Now, Pay Later Windfall
May 09, 2024  |  Regulation

The laws of physics dictate that for every action, there is a reaction. As Tuesday (May 14) looms, with a new rule from the Consumer Financial Protection Bureau (CFPB)...

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Experian Launches Open Banking-Powered Solution to Expand Access to Credit
Experian Launches Open Banking-Powered Solution to Expand Access to Credit
May 09, 2024  |  Loans

Experian has launched a solution designed to further inform lending decisions and expand access to credit. The new Cashflow Attributes uses open banking insights from...

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Pomelo and Thunes Partner on International Money Transfer Solution
Pomelo and Thunes Partner on International Money Transfer Solution
May 09, 2024  |  Partnerships

Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a...

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Versatile Credit CEO Sees Steady Appetite for Consumer Financing
Versatile Credit CEO Sees Steady Appetite for Consumer Financing
May 09, 2024  |  Loans

Banks and corporates by and large showed cautious optimism regarding consumer spending during the first-quarter earnings season. Now, the operative question surrounds the use of...

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How Alternative Solutions Are Challenging Traditional Credit Models for SMBs
How Alternative Solutions Are Challenging Traditional Credit Models for SMBs
May 08, 2024  |  SMBs

A record-breaking number of new business applications were filed in the United States last year; 5.5 million, to be exact. While that’s a great sign for American entrepreneurship, the surge in...

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