A new report from TransUnion shows that credit card usage continued to rise, as delinquency rates per borrower also increased. The Q1 2018 Industry Insights report revealed that the number of credit card accounts rose 2.6 percent in the last year to 416.5 million in Q1...
Virginia is suing one of the largest online lenders in the U.S. after reportedly charging Virginians millions in interest and fees. In a lawsuit, the state alleges that NetCredit lent more than $47 million in illegal high-interest loans, The Daily Press reported. According to the lawsuit, NetCredit provided loans...
Following its acquisition of Vault, Acorns has rolled out a simple way to open and fund a retirement account through Acorns Later. The launch marks the company’s first tax-advantaged product offering, the company said in an announcement. “Setting up a retirement account is confusing and,...
When it comes to stock market picks, Wall Street investors are placing their bets on the buying power of the millennial generation. According to Reuters, hedge fund managers at the 2018 Sohn Investment Conference in New York offered stock ideas that would benefit from the...
A new survey has found that 45 percent of Americans are confused about their credit cards rewards, especially those involving travel. A survey by NextAdvisor found that 54 percent of Americans find frequent flyer miles confusing, while 47 percent are perplexed by hotel loyalty programs....
The Federal Housing Finance Agency (FHFA) won’t be launching its new credit score model until at least 2019. According to American Banker, the annual progress report on the Fannie Mae and Freddie Mac conservatorships stated that FHFA will not set an implementation date for a...
Equifax, the credit scoring company still reeling from a massive data breach last year, announced news on Monday (Feb. 26) of the launch of Analytic Dataset, a new tool that provides borrower-level data in an anonymous and non-aggregated format. In a press release, the company...
To reach customers looking to apply for an auto loan online, U.S. Bank has created a new platform with AutoGravity. Through the service, borrowers can receive a decision within minutes, according to news from American Banker. Through the platform, borrowers can choose the car they wish...
The wealth effect is in full force, it seems. The Wall Street Journal reported Monday (Jan. 29) that stock prices, levitating as they are, and stronger employment data have prompted Americans to open their wallets. And yet, all that spending means less saving for retirement....
