November 22, 2023
Unemployment Claims Fall Even as Labor Market Cools
Initial U.S. unemployment claims last week saw the largest drop since June. That’s according to figures released Wednesday (Nov. 22) by the Labor Department, showing initial claims for the week ending Nov. 18...
November 19, 2023
Credit Quality Declines as Card Companies Tighten Standards
Last month’s credit card data indicates an ongoing deterioration of credit quality. That’s according to a report Sunday (Nov. 19) by Seeking Alpha, which says a survey of last month’s...
November 16, 2023
Job Market Softens As Ongoing Unemployment Claims Rise
The “durable” job market economists had been touting all year now seems a bit softer. New employment figures from the U.S. Labor Department released Thursday (Nov. 16) showed continuing applications for unemployment...
November 12, 2023
Fed: Banks Healthier Than in 2008 but Still Vulnerable
America’s banks are in a steadier place than they were in 2008. But according to a recent Federal Reserve report, that doesn’t mean they’re completely healthy. Writing on the Liberty Street...
November 02, 2023
Continuing Unemployment Claims Creep Up As Layoffs Mount
Jobless Americans might be having trouble finding work, according to new unemployment data. Figures released Thursday (Nov. 2) by the Labor Department showed that continuing jobless claims — an indicator for the number...
October 19, 2023
Metropolitan Commercial Bank to Pay $15 Million Penalty for Fraud...
Metropolitan Commercial Bank (MCB) has agreed to pay a penalty of $15 million following an investigation by the New York State Department of Financial Services (DFS). Superintendent of Financial Services...
October 19, 2023
Will the U.S. Draft Merger Guidelines Influence Merger Control in...
By Helen Kean Redpath & Phil Alves1 I. Introduction The new draft merger guidelines (“DMGs”) are proposing major changes to merger policy in the United States and bringing underlying...
October 19, 2023
1 in 5 Paycheck-to-Paycheck Consumers Use Credit to Cope With...
Living paycheck to paycheck is a financial reality for many Americans, a trend that PYMNTS has tracked for some time. According to a recent report by PYMNTS Intelligence and LendingClub,...
October 19, 2023
Data Brokers in the Hot Seat: A Continuing Story
For years, policymakers have debated whether new laws are needed to restrict the practices of data brokers – companies that collect consumers’ data from various sources, process and package it,...
With 96% of corporates that offer earned wage access saying it helps attract new talent, and 75% of millennials saying that it would influence their acceptance of a job offer, it’s obvious why almost two-thirds of employers see earned wage access as a low-cost tool for employee recruitment and retention. PYMNTS examines the trend in the latest issue of the “Money Mobility Tracker®,” a collaboration with Ingo Money.
