The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management tool. As of November 2023, 62% of consumers lived paycheck to paycheck, with 20% struggling...
The Federal Trade Commission (FTC) says it wants to help consumers hurt by misleading “preapproval” Credit Karma offers. The FTC announced Tuesday (Dec. 5) that it was launching a claims process for nearly 500,000 consumers involved in the matter. The agency last year fined Credit...
PayPal’s CEO believes that in 20 years, credit cards will no longer exist. Dan Schulman said that as the popularity of PayPal and its mobile payments platform Venmo grow, traditional methods of payment will be replaced by digital alternatives. “Twenty years from now, there will...
October 07, 2024
Monday (Oct. 7) marked a double dose of economic data that provided a continued diet of mixed signals. First up, the Federal Reserve’s latest data on consumer credit showed an overall slowdown in the annualized gain for credit overall in August, ratcheting down to a 2.1% pace, down sharply from 6.3% in the previous month. Mix […]
December 19, 2023
The holiday season has offered little reprieve from the rising prices of goods and services still weighing on consumers’ wallets. Many consumers use credit cards as a cash flow management...
December 05, 2023
The Federal Trade Commission (FTC) says it wants to help consumers hurt by misleading “preapproval” Credit Karma offers. The FTC announced Tuesday (Dec. 5) that it was launching a claims process for nearly 500,000 consumers involved in the matter. The agency last year fined Credit Karma $3 million after accusing the company of making deceptive […]
May 07, 2018
PayPal’s CEO believes that in 20 years, credit cards will no longer exist. Dan Schulman said that as the popularity of PayPal and its mobile payments platform Venmo grow, traditional...
