June 02, 2019
Post-Baoshang Takeover, China Aims To Reassure Investors
China’s Central Bank said over the weekend that there won’t be any more takeover of banks after the government’s intervention with Baoshang Bank, an Inner Mongolia-based bank. According to a...
June 02, 2019
China: Gov considers SMB bankruptcy path
Chinese regulation does not offer a way for individuals to discharge the debt they cannot pay. According to reports in The Economist, small business (SMB) owners are most at risk...
May 31, 2019
Synchrony Financial CEO Takes ‘Wait-and-See’ Approach With Apple Card
Margaret Keane, the CEO of Synchrony Financial, the biggest provider of store credit cards, said the card industry will be keeping a close watch on how Goldman Sachs handles its...
May 31, 2019
China Considers SMB Bankruptcy Path
Chinese regulation does not offer a way for individuals to discharge the debt they cannot pay. According to reports in The Economist, small business (SMB) owners are most at risk...
May 31, 2019
Student Loan Scammer Settles With FTC For $11M
The leader of a student loan debt relief scheme has agreed to settle with the Federal Trade Commission’s (FTC’s) charges that he stole $11 million from consumers. According to the...
May 30, 2019
Startup Pillar Aims To Help Students Pay Down Debt
A new startup named Pillar, which aims to help students pay down loan debt, recently received $5.5 million in seed money from Kleiner Perkins, according to a report. The app...
May 30, 2019
Canada: Morningstar is buying DBRS for US$669M
Morningstar has signed a deal to buy Canadian debt-rating agency DBRS for US$669 million. The US company stated says the combination of DBRS with Morningstar Credit Ratings’ US business will...
May 30, 2019
BoA’s Erica Not As Renowned As Alexa, But Picking Up...
A little over a year ago, the world met Bank of America’s answer to Alexa, it’s artificial intelligence (AI)-powered virtual assistant named Erica. The announcement was met with interest, but...
May 30, 2019
Uber Teams With Fair To Boost Vehicle Access For Drivers
To assist those who don’t have a car but want to drive for Uber, the ridesharing company is going national with a program that lowers the barriers to accessing a...
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.