Although U.K.-based peer-to-peer lending sites have attracted millions in venture capital funding, consumers have been slower to adopt the technologies these FinTech platforms offer. Among 1,100 British consumers polled by consultancy firm EY, only 7 percent indicated they had used such a service to borrow money...
Savings app Qapital is now offering a new checking account and debit card to its customers, in addition to its already existing savings account. According to news from TechCrunch, the new services will combine account aggregation, savings and spending options all in one place. Founded over...
A new survey has found that a divide is emerging over how Americans feel about their ability to pay down debt, with the poorest Americans the least confident about staying current on their loans and bills. According to Business Insider, UBS’quarterly financial survey of about...
Bank of America Merrill Lynch reached a new benchmark in its commercial card business last year, allowing it to secure its top ranking in three combined categories. According to a press release, BofA Merrill processed $56.3 billion in U.S. purchases in 2016 across three categories...
A new report from The NPD Group has revealed that when it comes to back-to-school shopping, consumer spending has become less consistent and predictable in recent years. According to a news release, back-to-school shopping is starting earlier and lasting longer. While two-thirds of consumers plan...
Might the United States economy have put up a stronger showing than had been thought previously for the first quarter? The New York Times reports that the quarterly U.S. Services Survey put out by the Commerce Department showed that consumption grew faster than had been...
The Consumer Financial Protection Bureau (CFPB) released a study Wednesday (June 7) that shows the way consumers establish their credit history can differ based on their economic background. According to a release by the government watchdog, consumers in low-income areas tend to become credit-visible due...
With incomes in the U.S. seeing less-than-stellar growth, a lot of spending is being done with consumer debt instead of cash, which could create problems for some consumers when it’s time to pay it back. According to a report in Bloomberg, household borrowing has increased...
Bank of America Merrill Lynch released a new study Thursday (June 1) that shows 56 percent of workers are stressed out about their finances. What’s more, among those that are stressed, 53 percent said it interferes with their ability to focus and be productive at...
