Consumer Finances news and trends

CFPB’s FAQs on BNPL Hint at Key Areas of Regulation and Controversy
BNPL // September 20, 2024

Perhaps the most frequently asked question that will come in the wake of the Consumer Financial Protection Bureau’s (CFPB’s) publication of a “frequently asked questions” (FAQs) page pertaining solely to buy now, pay later (BNPL) lenders might be this one: “What comes next?” The FAQ...

Synchrony’s CareCredit Credit Card Now Accepted at Albertsons Cos. Stores
Credit Cards // September 18, 2024

Synchrony’s CareCredit health and wellness credit card is now accepted for select items in nearly 2,200 Albertsons, Safeway, Vons, ACME, Shaw’s and Jewel-Osco stores. A new collaboration of Synchrony and food and drug retailer Albertsons Companies allows the card to be used for select health and wellness products at these stores, the companies said...

DailyPay Unveils Financial Wellness Tool for Credit Monitoring
Personal Finance // September 16, 2024

DailyPay has debuted “Credit Health,” a tool to help users monitor their financial wellness. Announced Monday (Sept. 16), the offering is integrated into the earned wage access (EWA) company’s app, letting users stay on top of their credit status. The company said the need for...

Trending: Most Consumers Think Twice Before Spending, Then Trade Down
Economy // September 02, 2024

Sept. 17 is looming as a critical date on the economic calendar. It’s the date the Federal Reserve meets to consider — and most analysts say to lower — interest rates. While that move is expected to potentially make borrowing money more attractive for business...

Interviews & Exclusives
Trending: Most Consumers Think Twice Before Spending, Then Trade Down

September 02, 2024
Sept. 17 is looming as a critical date on the economic calendar. It’s the date the Federal Reserve meets to consider — and most analysts say to lower — interest rates. While that move is expected to potentially make borrowing money more attractive for business expansion, it is unlikely to have a short-term impact on […]

Affirm CEO Says Interest Rate Cut Could Drive BNPL Usage

August 28, 2024
As consumers navigate a challenging economic environment, they are increasingly adopting buy now, pay later (BNPL) options to manage their spending. Affirm, a leading BNPL provider, reported Wednesday (Aug. 28)...

Banks Eye BNPL as Way to Reach Gen Z

August 07, 2024
As the financial landscape continues to evolve, traditional banks face an increasing challenge from digital-native FinTechs. The recent surge in buy now, pay later (BNPL) services presents both a threat...

GDP Report Mixes Economic Growth With Slower Pace of Consumer Spending

July 25, 2024
The newest reading on gross domestic product (GDP) — for the second quarter, only a few weeks in the books — shows a quickening pace of growth. And, yes, consumers...

Quick Reads
SoFi Adds Credit Cards Focused on Rewards and Credit Scores

October 09, 2024
SoFi Technologies has added two new credit cards to its one-stop shop for digital financial services. One card is designed for consumers who prioritize earning rewards on their daily spending, while the other is for those focused on building or improving their credit scores, the company said in a Wednesday (Oct. 9) press release. “We’re excited […]

Synchrony’s CareCredit Credit Card Now Accepted at Albertsons Cos. Stores

September 18, 2024
Synchrony’s CareCredit health and wellness credit card is now accepted for select items in nearly 2,200 Albertsons, Safeway, Vons, ACME, Shaw’s and Jewel-Osco stores. A new collaboration of Synchrony and food and drug retailer Albertsons Companies allows the card...

DailyPay Unveils Financial Wellness Tool for Credit Monitoring

September 16, 2024
DailyPay has debuted “Credit Health,” a tool to help users monitor their financial wellness. Announced Monday (Sept. 16), the offering is integrated into the earned wage access (EWA) company’s app,...

Firstcard Expands Credit-Building Platform to More Consumers

August 08, 2024
Credit-building platform Firstcard is expanding its focus from college students into new markets. The company announced Thursday (Aug. 8) that it had extended its services to immigrants, international students, expats,...