December 30, 2019
SMBs’ Online Lending Surge Raises Borrower Protection Concerns
Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth...
December 30, 2019
Russian Central Bank Developing Business Debt-Risk Prevention Strategy
The Russian central bank is in the process of introducing debt guidelines to help companies stave off widespread risk as early as possible, Elizaveta Danilova, head of the bank’s financial...
December 27, 2019
Switzerland’s President Calls Libra A Failure
The president of Switzerland, Ueli Maurer, said Facebook’s proposed cryptocurrency Libra cannot exist in its current form and will need to be altered if it’s going to be able to...
December 27, 2019
Metro Bank Struggles To Find A Buyer
U.K. challenger financial institution Metro Bank is struggling to find a buyer as potential suitors are turned off by the bank’s expensive business model, the Financial Times reported Friday (Dec....
December 27, 2019
JCPenney’s CEO Has Tough Road Ahead
In the coming year, the relatively new CEO of JCPenney, Jill Soltau, has much work ahead of her. Soltau has to stop a stretch of losses and sales declines at...
December 27, 2019
JD.com Launches SEVEN FUN Experiential Store; Walmart To Put Focus...
Retailers are designing brick-and-mortar spaces around experiences to attract and keep customers. Chinese eCommerce retailer JD.com, in one case, has just rolled out its inaugural SEVEN FUN lifestyle space in...
December 27, 2019
Credit Unions Unite Behind Digital Banking
The Rochdale Society of Equitable Pioneers. The Shore Porters Society. Fenwick Weavers’ Society. These and other 19th-century proto-cooperatives were the forerunners of today’s credit union (CU) community. Early innovators managed...
December 26, 2019
Big Banks Surge Amid Strong Holiday Spending
Some of the largest U.S. banks, like JPMorgan Chase, Bank of America (BoA) and Citigroup, gained as consumers spent during a robust holiday season, according to a report by Bloomberg....
December 26, 2019
Corporate China Reaches New High For Loan Defaults
Corporates across China have reached a record high for loan defaults in 2019, according to a Financial Times report from Thursday (Dec. 26). Corporate defaults spiked to about $18.6 billion...
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.