Consumer Finance

Consumer financing is when a business offers financing to their customers with help from a professional finance company. This allows the consumer to pay for a good or service they couldn't pay for up front in cash or credit card. Consumer finance is helpful for both businesses and consumers
Consumer Finance
White House Pauses Student Loan Repayment for 3 Million Borrowers
June 30, 2024

The Department of Education is reportedly pausing repayments for around 3 million student loan borrowers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Consumer Finance
Two-Thirds of Financially Stressed Consumers Revolve Their Credit Card Balances Each Month
June 27, 2024

As consumers look for ways to make ends meet, many of those who do not have a financial safety net are forced to carry their credit card balances over to future bills. Get the Full Story Complete the form to unlock this article and enjoy...

Consumer Finance
Exclusive: Synchrony Expands ‘Second Look’ Partnership With Atlanticus
June 26, 2024

Synchrony Financial and Atlanticus Holdings announced an expansion of their existing partnership Wednesday (June 26) creating a new multiyear agreement that aims to broaden financing options for consumers and merchants. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Consumer Finance
LendingClub’s Structured Certificates Program Surpasses $3 Billion in Loans Sold
June 17, 2024

LendingClub has sold more than $3 billion in loans through its Structured LendingClub Loan Certificate program since the launch of that program in April 2023. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Consumer Finance
Study: Small Businesses Emerge as Prime Candidates for Embedded Lending Products
June 12, 2024

Lenders across major global economies offer embedded lending. However, data suggests that the typical lender that serves consumers or small- to medium-sized businesses (SMBs) has not fully embraced the potential of embedded lending. For example, nearly half of lenders serving SMBs have not entered this...

Consumer Finance
FDIC Warnings and ‘False’ Deposit Insurance Claims Spotlight Non-Bank Risks
June 11, 2024

The headlines swirl around Synapse’s bankruptcy and customers’ tales of being frozen out of their accounts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Consumer Finance
Consumers Cut Spending as Financial Safety Nets Fray
June 07, 2024

Over the years, PYMNTS Intelligence research reveals, fewer and fewer consumers find themselves with savings enough to fall back on, and they are adjusting their spending habits accordingly. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Consumer Finance
54% of Gen Z Shoppers Use Pay Later Plans to Buy Groceries
May 31, 2024

Pay later plans — those arrangements enabling consumers to cover purchases over a set period of time — are not only a popular way to shop; they have increasingly become a method to manage spending. Get the Full Story Complete the form to unlock this...

Consumer Finance
Gen Z Consumers Save Nearly 10% of Their Monthly Income
May 24, 2024

Generation X consumers, baby boomers and seniors all allocate more than 60% of their monthly incomes to housing, supplies and other regular bills. Generation Z consumers, meanwhile, allot just 47% to those expenses. Get the Full Story Complete the form to unlock this article and...