credit

Banks Tighten Credit Access as Demand for Limit Increases Rises
Banks Tighten Credit Access as Demand for Limit Increases Rises
December 09, 2024  |  Debt

A dramatic rise in credit card debt over the last several years has pressured paycheck-to-paycheck consumers, with a disproportionate burden on those individuals and households...

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Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
Fed Data: Consumer Revolving Credit Jumps to Nearly 14% Annual Rate
December 08, 2024  |  Consumer Finance

New Federal Reserve data shows American consumers’ credit card debt continuing to climb. The data, released Friday (Dec. 6), showed U.S. consumer credit climbing from...

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FTC Sends $500K to Consumers in Vivint Credit Report Case
FTC Sends $500K to Consumers in Vivint Credit Report Case
December 05, 2024  |  Security & Fraud

The FTC is sending almost $500,000 in payments to consumers it says were harmed by Vivint Smart Homes. According to a Wednesday (Dec. 4) news release, the Federal Trade...

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Retailers Take Note: Consumers Say There Are Too Many Deals
Retailers Take Note: Consumers Say There Are Too Many Deals
November 25, 2024  |  Consumer Insights

Through the past few years, consumers in the United States, have collectively seemed to be an unstoppable force. They have spent through inflationary times, geopolitical...

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Exclusive: BNPL, Mobile Banking Embraced by Low-Income Consumers
Exclusive: BNPL, Mobile Banking Embraced by Low-Income Consumers
November 22, 2024  |  Consumer Insights

PYMNTS Intelligence’s long-standing chronicling of the paycheck-to-paycheck economy has revealed shifts in how consumers conduct their daily financial lives and pay. Given that the paycheck-to-paycheck...

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Why Complexity Is the Enemy of the Sale
Why Complexity Is the Enemy of the Sale
November 22, 2024  |  Buy Now Pay Later

Even with the continued shift to digital payments and the plethora of payment options, there are still stumbling blocks in commerce. Complexity is the enemy...

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Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
Credit Crunch Crushes Dreams: Millions Face Loan Rejections, NY Fed Reports
November 20, 2024  |  Debt

Credit is getting harder to come by, especially for auto loans, mortgages and those with low credit scores. Amid an environment where lenders are tightening,...

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Fed’s Supervision Report Takes Note of Rising Card Delinquencies
Fed’s Supervision Report Takes Note of Rising Card Delinquencies
November 18, 2024  |  Banking

The banking system is sound, and resilient, according to the Federal Reserve. But the performance of some of the loans on banks’ books — particularly...

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Commercial Cards Become Cash Flow Catalysts for Cross-Border B2B Payments
Commercial Cards Become Cash Flow Catalysts for Cross-Border B2B Payments
November 18, 2024  |  Cross-border Payments

Cross-border trade is a huge business, totaling roughly $190 trillion in 2023. Sourcing goods and services globally and establishing supply chains that transcend borders have...

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