credit

Report: Equifax Glitch Sent Millions of Wrong Credit Scores to Lenders, Impacted Loan Rates
Report: Equifax Glitch Sent Millions of Wrong Credit Scores to Lenders, Impacted Loan Rates
August 02, 2022  |  Loans

Equifax provided inaccurate credit scores for millions of Americans seeking loans over a three-week period in the spring, The Wall Street Journal (WSJ) reported Tuesday...

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MercadoLibre, Creditas Team to Offer Used Car Loans in Mexico
MercadoLibre, Creditas Team to Offer Used Car Loans in Mexico
July 28, 2022  |  Partnerships

South American eCommerce giant MercadoLibre and Brazilian financial service firm Creditas have joined forces to allow MercadoLibre users to apply for used car loans in...

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Mastercard Results Detail Spending ‘Shift’ by Consumers Amid Inflation
Mastercard Results Detail Spending ‘Shift’ by Consumers Amid Inflation
July 28, 2022  |  Earnings

It’s becoming a familiar theme — the U.S. consumer is resilient, and spending is buoyant and of course, the wild card is how long it...

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LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
LendingClub Says Consumer Stress Driving Increase in Credit Card Balances and Demand for Loans
July 27, 2022  |  Earnings

LendingClub’s transition to a digital banking model proceeds apace, but its core consumer loan business continues to gain traction in an inflationary environment, where maintaining...

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CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
CFPB Issues $19M Penalty Against Hyundai Over Credit Reporting
July 26, 2022  |  CFPB

The Consumer Financial Protection Bureau (CFPB) has ordered carmaker Hyundai to pay more than $19 million for providing inaccurate information to credit reporting companies. The...

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Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
Inflation May Give Younger Consumers Pause Before Reaching for Their Cards
July 25, 2022  |  Consumer Finance

Inflation hits everyone, yes — and how they view their financial straits governs how they’ll spend in the near (and longer) term. And while all...

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American Express: Millennial, Gen Z Card Spend Up Nearly 50%
American Express: Millennial, Gen Z Card Spend Up Nearly 50%
July 22, 2022  |  Earnings

For American Express, no consumer spending slowdown is in sight. Second-quarter earnings results the payments giant reported Friday (July 22) reflect a continued surge in...

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42% of Consumers Would Switch Banks to Get Bundled Banking Products
42% of Consumers Would Switch Banks to Get Bundled Banking Products
July 20, 2022  |  Banking

Consumers’ desire for banking convenience has spurred their interest in bundled banking services. In fact, many consumers are willing to leave banks that fail to...

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Weekly TechREG EMEA: Global Regulators Call for Interoperable Stablecoins, CDBCs; EU, UK Lawmakers Take on Credit Card Debt, X-Border Fees
Weekly TechREG EMEA: Global Regulators Call for Interoperable Stablecoins, CDBCs; EU, UK Lawmakers Take on...
July 15, 2022  |  Regulation

This week in TechREG in Europe, the Middle East and Africa (EMEA), global regulators and several central banks discussed the need for regulating the cryptocurrency...

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