PYMNTS-MonitorEdge-May-2024

consumer finance

When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
When Credit Status Is Hurt by Unexpected Life Events, Lack of Credit Knowledge
May 30, 2023  |  Consumer Finance

A confluence of factors is hurting large swaths of U.S. consumers with little to no access to credit, and a widespread lack of knowledge about...

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The High Cost of Housesitting
The High Cost of Housesitting
May 27, 2023  |  The Weekender

Three in five Americans say inflation has affected their summer travel plans. But that doesn’t mean they’ve opted to forego their trips. It just means they...

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7 in 10 Urban Consumers Live Paycheck to Paycheck
7 in 10 Urban Consumers Live Paycheck to Paycheck
May 24, 2023  |  Consumer Finance

Life continues to be more expensive for everyone. Data shows that United States consumers in urban centers, in particular, are feeling the financial crunch. PYMNTS’...

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Open Banking Drives Instant, Large-Ticket Financing in Europe 
Open Banking Drives Instant, Large-Ticket Financing in Europe 
May 24, 2023  |  Buy Now Pay Later

Buoyed by changing consumer habits in the wake of the pandemic, the buy now, pay later (BNPL) financing model has exploded in recent years, with...

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Fed’s Economic Well-Being Report Understates Struggles of Paycheck-to-Paycheck Consumers
Fed’s Economic Well-Being Report Understates Struggles of Paycheck-to-Paycheck Consumers
May 22, 2023  |  Economy

The Federal Reserve Board’s latest report on the pressures faced by U.S. households paints a picture where a record number of consumers say they are...

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Jewelers Are Making Financing as Personal as Their Creations
Jewelers Are Making Financing as Personal as Their Creations
May 22, 2023  |  Retail

Unlike Tiffany’s or Cartier, Daniel’s Jewelers  has recognized the importance of financing in making jewelry accessible to its customers. “We understand that not everyone may...

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PYMNTS Intelligence: The Best Lending Product Wins in Retention and Enrollment
PYMNTS Intelligence: The Best Lending Product Wins in Retention and Enrollment
May 22, 2023  |  Credit Unions

Credit unions know they need to be digitally savvy, but having the most user-friendly mobile app is not enough to catch and keep consumer attention....

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Economic Downturns Showcase CU Lending Advantages
Economic Downturns Showcase CU Lending Advantages
May 19, 2023  |  Credit Unions

University of Illinois Community Credit Union’s Kate Rogers says that favorable lending rates on everything from car loans to mortgages and a reputation for helping...

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Economic Downturn Highlights Credit Unions’ Lending Advantages
Economic Downturn Highlights Credit Unions’ Lending Advantages
May 18, 2023  |  Credit Unions

As consumers worry about financial wellness, 66% expect no improvement, and 29% expect their finances will worsen. Credit unions can stand out to existing and...

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