consumer finance

Nearly 70% of Gen X Incur Overdraft Fees for Attempting Transactions With Insufficient Funds 
Nearly 70% of Gen X Incur Overdraft Fees for Attempting Transactions With Insufficient Funds 
December 04, 2023  |  Consumer Finance

As the economic and financial imbalances caused by the pandemic persist, access to credit has become vital for covering short-term financial needs, purchasing goods and...

READ MORE >
Only 1 in 4 Consumers Have Good Understanding of Credit Products
Only 1 in 4 Consumers Have Good Understanding of Credit Products
December 04, 2023  |  Consumer Finance

Improving credit scores can have significant financial benefits for consumers by accessing better lending conditions and low interest rates. With improved scores, consumers can increase...

READ MORE >
Banks Play Important Role in Helping Paycheck-to-Paycheck Consumers Build Savings
Banks Play Important Role in Helping Paycheck-to-Paycheck Consumers Build Savings
November 28, 2023  |  Consumer Finance

Amber Carroll, senior vice president of membership and lifecycle strategy at LendingClub, told PYMNTS that U.S. consumers face a cash drain — but proactive planning can...

READ MORE >
Side Gigs Help Ease Paycheck-to-Paycheck Consumers’ Financial Stress This Holiday
Side Gigs Help Ease Paycheck-to-Paycheck Consumers’ Financial Stress This Holiday
November 23, 2023  |  Consumer Finance

In today’s challenging economic climate, many consumers find themselves living paycheck to paycheck and struggling to make ends meet. This is why a significant number...

READ MORE >
November BNPL Spending Set to Soar to Record $9.3 Billion
November BNPL Spending Set to Soar to Record $9.3 Billion
November 22, 2023  |  BNPL

Buy now, pay later (BNPL) continues to grow in the payment space, and its impact on consumer finances is even more important. Not only are...

READ MORE >
1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
1 in 5 of Consumers Without Paycheck Pressures Still Plan to Finance Holiday Purchases
November 21, 2023  |  Consumer Finance

As the holidays near, balancing tight budgets with the festive spirit can become a challenge. Which is why traditionally, many consumers turn to credit to...

READ MORE >
Credit-Seeking Consumers Give Credit Unions and Community Banks a Second Look
Credit-Seeking Consumers Give Credit Unions and Community Banks a Second Look
November 21, 2023  |  Credit Unions

National banks dominate the consumer credit space. Still, credit unions and community banks are becoming an increasingly popular choice for issuing credit cards. The share...

READ MORE >
Fed: Credit Rejections Rise While Fewer Consumers Are Able to Handle Emergency Expenses
Fed: Credit Rejections Rise While Fewer Consumers Are Able to Handle Emergency Expenses
November 20, 2023  |  Consumer Finance

As reported by the Federal Reserve on Monday (Nov. 20), demand for new credit is declining. Rejection rates for those people seeking new credit are...

READ MORE >
4 in 10 Consumers Plan to Tap Into Savings to Cover Holiday Expenses
4 in 10 Consumers Plan to Tap Into Savings to Cover Holiday Expenses
November 20, 2023  |  Consumer Finance

One month before the start of the holiday season, 60% of consumers lived paycheck to paycheck. Nineteen percent struggle to pay their monthly bills. These...

READ MORE >