credit

FIS Earns Certification to Enable Send Capabilities in FedNow Service
FIS Earns Certification to Enable Send Capabilities in FedNow Service
February 04, 2025  |  Faster Payments

FinTech company FIS said Tuesday (Feb. 4) that it is now certified to enable send capabilities for credit transfers in the FedNow® Service. By offering...

READ MORE >
52% of Consumers Use Credit for Groceries
52% of Consumers Use Credit for Groceries
February 03, 2025  |  Consumer Insights

Credit products are changing, with personal loans, embedded finance, and buy now, pay later (BNPL) gaining traction. According to a PYMNTS Intelligence report, “BNPL and...

READ MORE >
Consumers Use Credit to Plug Widening Gap Between Income and Spending
Consumers Use Credit to Plug Widening Gap Between Income and Spending
January 31, 2025  |  Consumer Finance

Only a few weeks into the current earnings season, and top-line momentum and commentary from firms, including banks and the payment networks, have all pointed...

READ MORE >
Rent-A-Center Owner Targets Earned Wage Access With Brigit Acquisition
Rent-A-Center Owner Targets Earned Wage Access With Brigit Acquisition
January 31, 2025  |  Acquisitions

Upbound Group, owner of Rent-A-Center and Acima, has completed its purchase of Brigit. The deal, finalized Friday (Jan. 31), adds Brigit’s financial health technology to Upbound’s...

READ MORE >
Banks See Lukewarm Lending in Spite of Wall Street Rally
Banks See Lukewarm Lending in Spite of Wall Street Rally
January 31, 2025  |  Loans

Steady-to-declining interest rates. Inflation under 3%. A relaxed attitude to regulation in D.C. As the Wall Street Journal (WSJ) points out in a report Friday (Jan. 31),...

READ MORE >
With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
With Illinois Interchange Ban Under Injunction, Banks and Merchants Await Next Move
January 29, 2025  |  Credit Cards

A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Banks charge each other...

READ MORE >
Bank Account Intelligence: The New Frontier in Credit Decisioning
Bank Account Intelligence: The New Frontier in Credit Decisioning
January 28, 2025  |  Authentication

A bank account represents a direct connection to a business or consumer’s daily financial life. It holds all manner of data points that give lenders...

READ MORE >
CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
CFPB: Vehicle Repossessions Surpass Pre-Pandemic Levels
January 23, 2025  |  CFPB

Americans are struggling to keep the cars they’re driving, the Consumer Financial Protection Bureau found. A CFPB report, titled “Auto Repossession Trends and Consumer Impact,”...

READ MORE >
Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
Discover’s Card Charge-Offs Improve and Delinquencies Show Stability
January 23, 2025  |  Earnings

Discover Financial Services posted earnings results on Thursday morning (Jan. 23) that indicated improving credit quality metrics tied to its credit cards, as well as...

READ MORE >