credit

Consumers on Credit Treadmill More Likely to Turn to Nontraditional Loans
Consumers on Credit Treadmill More Likely to Turn to Nontraditional Loans
February 20, 2025  |  Loans

Reward seekers, or consumers who pay their credit and store card balances in full every month, aim to maximize benefits from their credit usage, while...

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FICO and TransUnion Team to Improve Credit Access in Kenya
FICO and TransUnion Team to Improve Credit Access in Kenya
February 18, 2025  |  Partnerships

FICO and TransUnion Kenya partnered to broaden access to credit in Kenya. “By leveraging enriched data and analytics, lenders can now make more informed decisions,...

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62% of Credit Card Outsiders Use Alternative Credit Products
62% of Credit Card Outsiders Use Alternative Credit Products
February 18, 2025  |  Alternative Credit

Many consumers without credit cards face financial challenges. The PYMNTS Intelligence report “What Credit Card Outsiders Want — and How FIs Can Bring Them Back”...

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Conferma and WEX Collaboration Integrates Virtual Cards Into Invoice Process
Conferma and WEX Collaboration Integrates Virtual Cards Into Invoice Process
February 10, 2025  |  Partnerships

Conferma and WEX are enabling Concur Invoice users to pay suppliers using a WEX-issued virtual Mastercard and Conferma’s virtual card platform. The solution allows commercial...

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Consumer Borrowing Jumps by Record $40.8 Billion
Consumer Borrowing Jumps by Record $40.8 Billion
February 09, 2025  |  Consumer Finance

U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Total credit rose by $40.8 billion following a $5.4 billion decline...

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What to Watch for as CFPB Stops Rulemaking in Its Tracks
What to Watch for as CFPB Stops Rulemaking in Its Tracks
February 07, 2025  |  CFPB

To say it’s been an eventful week for the Consumer Financial Protection Bureau might be an understatement. Last weekend, President Donald Trump fired CFPB Director...

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How Banks Can Reengage the 53 Million Credit Outsiders
How Banks Can Reengage the 53 Million Credit Outsiders
February 07, 2025  |  Consumer Insights

A significant segment of the U.S. population — approximately 53 million individuals — remains outside the traditional credit card ecosystem. These “credit card outsiders” encompass...

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Weaker Hiring Market Creates Revenue Headwinds for Equifax
Weaker Hiring Market Creates Revenue Headwinds for Equifax
February 06, 2025  |  Earnings

For Equifax, macro headwinds from a job market slowdown and the volatile mortgage market — where uneven loan demand has been a hallmark amid relatively...

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New Data: Financially Strapped Consumers Move to Credit Card Alternatives
New Data: Financially Strapped Consumers Move to Credit Card Alternatives
February 05, 2025  |  Consumer Finance

Consumers can’t spend money they don’t have, and right now, many are running out of cash. The lenders that win are the lenders that give...

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