September 13, 2024
Car Payments Squeeze Consumers as Debt Mounts
The money consumers saved during the pandemic has been spent. Savings are pressured, and credit card debt is mounting. When it comes to keeping current on auto loans, consumers are...
September 13, 2024
Consumer Delinquency Rates Decline as Inflation Slows
More consumers are making their loan payments on time, aided by slower inflation and other trends. Late payments on loans have leveled off after increasing earlier in the year, Reuters...
September 13, 2024
FinTech IPO Index Breaks Even Despite Volatile Trading Week
Economic data remained the key driving force behind stocks this past week, and the FinTech IPO Index was no exception. But despite volatile trading action throughout the group, the Index...
September 12, 2024
CFPB Bars Navient From Federal Student Loan Business
Navient is exiting the federal student loan business as a regulator prepares to fine it $120 million. The company, formerly known as Sallie Mae, was sued in 2017 by the...
September 12, 2024
Bump in Jobless Claims Underscores Consumer Caution Around Spending
Although jobless claims newly reported for the past week were only slightly higher, the psychological effect may be one where consumers are more cautious about spending. The U.S. Department of...
September 12, 2024
Holiday eCommerce Sales Projected to Rise Despite Inflation
A new report suggests Americans will slow their holiday spending this year compared to 2023. The annual holiday retail forecast from consulting firm Deloitte, released Thursday (Sept. 12), projects that holiday retail sales...
September 11, 2024
Report: OpenAI Seeking $150 Billion Valuation in Funding Round
OpenAI reportedly aims to raise $6.5 billion from investors at a valuation of $150 billion. The firm also is seeking to raise $5 billion in debt from banks via a revolving...
September 11, 2024
Report: EQT Looks to Sell Majority Stake in Banking Circle
Private equity firm EQT is reportedly looking to sell its majority stake in payments processor Banking Circle. EQT is aiming for a deal that would value Banking Circle at more than $2...
September 11, 2024
Trending: Senators Urge Fed to Expand Fedwire and National Settlement...
If business and commerce are always on in the digital age — existing as 24/7, year-round endeavors — so must the settlement systems that enable a broad range of transactions....
The “Buy Now, Pay Later Tracker®,” a PYMNTS and Afterpay collaboration, brings you the latest news and research from the buy now, pay later space. It features expert analysis of changing payment trends as well as insights from top insiders within the retail and fashion industries.
Discouragement, fear and frustration stop consumers when it comes to improving their credit scores, with at least 15% either not knowing where to begin or afraid of taking on more debt. PYMNTS Intelligence’s latest study of 2,558 consumers reveals the knowledge and tools consumers need to succeed in today’s economic environment.
Read more in “The Credit Accessibility Series: Declining Purchasing Power Pushes Consumers to Improve Credit Scores,” a collaboration with Sezzle.