credit

CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
CFPB Reaches $2.7 Billion Settlement With Credit Repair Firms
August 28, 2023  |  CFPB

America’s biggest credit repair companies could be forced to give up telemarketing. That’s according to the Consumer Financial Protection Bureau (CFPB), which announced Monday (Aug. 28) that it had...

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FinTechs Throw Lifeline to Subprime-Borrowing Consumers
FinTechs Throw Lifeline to Subprime-Borrowing Consumers
August 28, 2023  |  Loans

Consumers with low credit scores may find assistance in their uphill battle toward greater financial security. Financial stumbles may have long-lasting impacts on consumers whose...

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Widening Embrace of BNPL Underpins Resilience in Discretionary Spending 
Widening Embrace of BNPL Underpins Resilience in Discretionary Spending 
August 25, 2023  |  BNPL

The ability to pay over time is underpinning discretionary spending resilience. In recent weeks and months, joint research between PYMNTS and Sezzle has underscored the embrace of...

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Gen Z Carries One Credit Card and Uses It More Than Other Payment Methods
Gen Z Carries One Credit Card and Uses It More Than Other Payment Methods
August 25, 2023  |  Credit Cards

It’s not how many cards consumers have, but how often purchases are put on plastic. Generation Z may be proving that less is more when...

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Most US Consumers Don’t Know How to Improve Their Credit Score
Most US Consumers Don’t Know How to Improve Their Credit Score
August 25, 2023  |  Personal Finance

In today’s U.S. financial landscape, having a good three-digit credit score can be a critical factor in determining not only whether you are approved or...

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Fed Data Shows Pressure Building in Consumer Lending
Fed Data Shows Pressure Building in Consumer Lending
August 24, 2023  |  Debt

The Federal Reserve’s latest data on how loan performance at all banks is faring found pockets of resilience — and, perhaps, pockets of concern. Household debt has...

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Construction and Utility Businesses Use Credit Twice as Much as Hospitality
Construction and Utility Businesses Use Credit Twice as Much as Hospitality
August 23, 2023  |  SMBs

Slow payments are a perennial problem for the construction industry. PYMNTS research found that delayed transactions (those in which firms wait more than 90 days to receive...

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Cross River Bank and Current Launch Credit-Building Product
Cross River Bank and Current Launch Credit-Building Product
August 23, 2023  |  credit frictions

Cross River Bank has partnered with FinTech platform Current to launch a new credit-building product that will benefit Current’s over 4 million members. The credit-building product will...

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JPMorgan Debuts Tap to Pay for Merchant Clients
JPMorgan Debuts Tap to Pay for Merchant Clients
August 22, 2023  |  Digital Payments

J.P. Morgan Payments has debuted a contactless payment solution for its merchant clients. The new Tap to Pay offering lets merchants accept payments using their iPhones, without the...

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