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,...
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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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
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. Get the Full Story Complete the form to unlock this article...
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
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. Get the Full Story Complete the...
It got a little easier to get credit in the first quarter, said Moody’s on May 8, but auto loans bear watching. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
A new report from TransUnion shows that credit card usage continued to rise, as delinquency rates per borrower also increased. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
