credit

Revolving Debt Hits $1.36T in July, Soars 25% Above Pre-Pandemic Levels
Revolving Debt Hits $1.36T in July, Soars 25% Above Pre-Pandemic Levels
September 09, 2024  |  Consumer Finance

Monday (Sept. 9) offered up a snapshot of consumer sentiment on where inflation is headed, their overall feelings about managing a mounting debt load, and...

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DOT Launches Inquiry Into Rewards Programs of 4 Airlines
DOT Launches Inquiry Into Rewards Programs of 4 Airlines
September 05, 2024  |  Loyalty & Rewards

The Department of Transportation (DOT) has launched an inquiry into the rewards programs of the four largest U.S. airlines, saying it aims to protect customers from...

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Nubank Defends Lending Practices as Late Payments Jump
Nubank Defends Lending Practices as Late Payments Jump
September 05, 2024  |  Loans

Lending practices at Brazil’s Nubank reportedly have Wall Street analysts uneasy. As Bloomberg News reported Thursday (Sept. 5), the lender — Latin America’s largest — is enjoying rapid growth,...

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FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
FDIC: Savings Declined, Charge-Offs Increased and Problem Banks Inched Up in Q2
September 05, 2024  |  Banking

The Federal Deposit Insurance Corp.’s latest quarterly assessment of the state of the banking industry took note of the resilience of financial institutions in general....

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US Bank Debuts Savings and Credit Rewards Products
US Bank Debuts Savings and Credit Rewards Products
September 04, 2024  |  Banking

U.S. Bank is introducing a pair of savings and credit rewards products. Released under the bank’s Bank Smartly program, these offerings are designed to work...

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Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise
Nova and Akoya Target Credit Decisioning Amid Open Banking’s Rise
September 04, 2024  |  Partnerships

Nova Credit has launched a partnership with data access network Akoya. The collaboration, announced Wednesday (Sept. 4), is designed to help lenders employ cash flow...

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The Financial Downside of Mom as Family’s Number One Caregiver
The Financial Downside of Mom as Family’s Number One Caregiver
August 27, 2024  |  Healthcare Financing

Motherhood is one of the most important things in the world. But like many other important things, it can leave little time for much else,...

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Reserve Bank of India to Launch Lending Platform
Reserve Bank of India to Launch Lending Platform
August 26, 2024  |  Loans

The Reserve Bank of India (RBI) plans to launch a technology platform designed to enable frictionless credit, especially for small- to medium-sized businesses (SMBs). The...

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Indian FinTech PhonePe Launches Credit Use on App
Indian FinTech PhonePe Launches Credit Use on App
August 22, 2024  |  Credit Cards

PhonePe is rolling out a way for Indian consumers to link their credit lines to the Unified Payments Interface (UPI) on its platform. Shoppers can...

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