consumer credit

Consumer Borrowing Jumps by Record $40.8 Billion
Consumer Borrowing Jumps by Record $40.8 Billion
February 09, 2025  |  Consumer Finance

U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Get the Full Story Complete the form to unlock this article...

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How Banks Can Reengage the 53 Million Credit Outsiders
How Banks Can Reengage the 53 Million Credit Outsiders
February 07, 2025  |  Consumer Insights

A significant segment of the U.S. population — approximately 53 million individuals — remains outside the traditional credit card ecosystem. Get the Full Story Complete...

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Consumers With Cash Flow Gaps Are 3.5x More Likely to Use BNPL
Consumers With Cash Flow Gaps Are 3.5x More Likely to Use BNPL
February 06, 2025  |  Buy Now Pay Later

As U.S. consumers face cash flow shortages, many are turning to alternative payment methods like buy now, pay later (BNPL) to help them manage their...

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New Data: Financially Strapped Consumers Move to Credit Card Alternatives
New Data: Financially Strapped Consumers Move to Credit Card Alternatives
February 05, 2025  |  Consumer Finance

Consumers can’t spend money they don’t have, and right now, many are running out of cash. Get the Full Story Complete the form to unlock...

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Enova Sees ‘Stable’ Nonprime Consumer Credit, Small Business Trends
Enova Sees ‘Stable’ Nonprime Consumer Credit, Small Business Trends
February 04, 2025  |  Earnings

Enova International’s fourth quarter growth — with double-digit gains in loan originations and revenues — showed strength across small business demand and lending to consumers. Get...

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CFPB Warns Consumers of Rising Number of Credit Reporting Firms
CFPB Warns Consumers of Rising Number of Credit Reporting Firms
January 30, 2025  |  CFPB

The CFPB has published its annual list of companies that collect and sell consumer data. Get the Full Story Complete the form to unlock this...

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Ally Sells $2.3 Billion Credit Card Business to CardWorks
Ally Sells $2.3 Billion Credit Card Business to CardWorks
January 22, 2025  |  Acquisitions

Ally Financial has sold its credit card business to consumer finance company Cardworks. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

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Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
January 21, 2025  |  Banking

Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping...

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CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
January 16, 2025  |  Regulation

The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk...

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