Financial fragility doesn’t always present the way most consumers’ imaginations tells them that it will. The most common perception people have of the financially-fragile customer aligns most closely with either the “On the Edge” consumer profile or the “Shut Out” profile described in the PYMNTS/Unifund Financial...
New data shows that U.S. consumer debt rose in May by the most in six months, showing that Americans were more comfortable with spending midway through the second quarter. The data from the Federal Reserve shows an increase in revolving debt, which includes credit cards,...
When it comes to personal finances, it turns out that perception is not always reality. One might expect that consumers in better financial standing would feel more optimistic about the future than consumers in worse financial standing. But data in the latest Financial Invisibles...
A 10-year study by the National Endowment for Financial Education shows that millennials who are no longer relying on mom and dad for financial help are more confident and happier overall. The Arizona Pathways to Life Success for University Students (APLUS) project has followed the same...
Rent-A-Center‘s decision to sell itself to Vintage Capital comes amid a continuing expansion of so-called “alt lending” options for consumers, which could make it more difficult for the chain to reinvent itself as it becomes a private company under its new ownership. Vintage Capital affiliate,...
In the movement from analog to digital, money matters — the type of money that fuels technology, that underpins new products and projects, as paper and manual processes give way to bits and bytes. In one latest example, beyond U.S. shores, Coya — a startup based...
A new study reveals that while Americans are generally overconfident in their financial knowledge, only a few could score a top grade on a financial quiz. The “Financial Literacy: Prosperity Begins with Knowledge” study from Raddon, a provider of innovative research, also found that the...
After PHH Corp.’s appeal of a $109 million penalty caused a legal battle over the constitutionality of the Consumer Financial Protection Bureau’s (CFPB) structure, agency officials are recommending that Director Mick Mulvaney dismiss the company’s case, American Banker reported. “Enforcement counsel and respondents have conferred,...
It got a little easier to get credit in the first quarter, said Moody’s on May 8, but auto loans bear watching. The findings, contained in the company’s Q1 Senior Loan Officer Opinion Survey, show that there has been “a modest tightening” of bank underwriting...
