New data has found that American teens are estimated to spend $2,371 per year — the lowest level for the age group since the fall of 2011. A survey by Piper Jaffray gathered the data from 9,500 teens across 42 U.S. states, with an average...
The good news for customers — and the challenge for financial services players, both established and emerging as the decade comes to a close — is that when it comes to payments, this is the era of customer choice. Walking around at the Sibos conference...
The Catch-22 is a familiar part of the early life of many consumers looking to get credit for the first time. They can’t secure underwriting because their financial file reveals no credit history, and they can’t establish any credit history because no one wants to...
Plaid said today (Sept. 18) that it is releasing new developer tools to combat credit card debt. 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...
Pretty much every consumer knows the pain of filling out applications for automotive loans, mortgages and other types of borrowing, of having to produce pay stubs or W-2s to prove that your income is high enough for the particular purchase. Moreover, pretty much every lender...
A network to better coordinate financial innovation among federal and state regulators is being launched by the Consumer Financial Protection Bureau (CFPB) in partnership with several states, the agency said in a press release. Get the Full Story Complete the form to unlock this article...
Interest rates are volatile, fears of a recession are spiking, central banks are cutting rates. In an interview with Karen Webster, LendingClub CEO Scott Sanborn lays out how the firm is positioning itself to grapple with a range of macro-driven challenges — and why LendingClub...
Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. 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...
The student debt crisis is no joke — loans considered to be in “serious delinquency” continue to increase, which is why it’s not surprising that the issue has come up repeatedly in the 2020 presidential election. Get the Full Story Complete the form to unlock...
