loans

Amex Reserves $387M for Bad Loans as Inflation’s Bite Continues

Amex Reserves $387M for Bad Loans as Inflation’s Bite Continues
Amex Reserves $387M for Bad Loans as Inflation’s Bite Continues
October 21, 2022  |  Credit Cards

American Express said Friday (Oct. 21) that it had put aside more money for delinquent loans than anticipated, another red flag for U.S. consumer health....

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Addressing America’s Financial Health Crisis
Addressing America’s Financial Health Crisis
October 19, 2022  |  Opinion

In the new PYMNTS eBook, “What’s Your Plan? Payments Strategies for a Strong 2022 Finish,” LendingClub SVP and Financial Health Officer Anuj Nayar says providing...

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Goldman’s Marcus Logs $110B in Deposits as Digital Bank Refocuses
Goldman’s Marcus Logs $110B in Deposits as Digital Bank Refocuses
October 18, 2022  |  Earnings

Amid the macro headwinds, Goldman Sachs’ digital bank is a work in progress. Get the Full Story Complete the form to unlock this article and...

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BofA, AmEx Report Rising Credit Card Delinquencies
BofA, AmEx Report Rising Credit Card Delinquencies
October 17, 2022  |  Credit Cards

Credit card delinquency rates in the U.S. are slowly creeping upward, Bank of America and American Express reported Monday (Oct. 17). Get the Full Story...

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ACI Worldwide, Constant Team to Promote Consumer Digital Engagement
ACI Worldwide, Constant Team to Promote Consumer Digital Engagement
October 12, 2022  |  Partnerships

Payments software company ACI Worldwide has formed a partnership with Constant, a FinTech that makes self-service loan management software. Get the Full Story Complete the...

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Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
Banks Expected to Boost Loan-Loss Reserves for Third Consecutive Quarter
October 11, 2022  |  Banking

Bank loan-loss reserves are expected to increase for the third month in a row to as much as $4.5 billion as the nation’s six largest...

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Addressing Government Assistance Pain Points for Small Business
Addressing Government Assistance Pain Points for Small Business
October 05, 2022  |  Money Mobility

In this month’s “Money Mobility Tracker®,” PYMNTS analyzes why the record surge in stimulus checks made clear why governments need the ability to make digital...

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Inflation, Rising Bank Rates Driving Crypto Lending in LatAm
Inflation, Rising Bank Rates Driving Crypto Lending in LatAm
September 29, 2022  |  Cryptocurrency

Some Latin Americans are turning to cryptocurrency to access credit as a way to combat the difficulty of borrowing money from traditional banks there. Get...

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Amazon, Lendistry Expand Small Business Lending Program
Amazon, Lendistry Expand Small Business Lending Program
September 29, 2022  |  B2B Payments

Amazon is expanding its Community Lending program to reach more sellers. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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