PYMNTS-MonitorEdge-May-2024

consumer finance

Secondary Promotions Can Help Merchants Close, or Save, the Sale for Near Prime Consumers
Secondary Promotions Can Help Merchants Close, or Save, the Sale for Near Prime Consumers
May 17, 2023  |  Consumer Finance

The red lights are flashing. Credit is becoming more expensive, lenders are becoming more restrictive. Yet consumers are still spending. They still want to spend...

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NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
NY Fed: Mortgage Originations Dropped, Debt Delinquencies Rose in Q1
May 15, 2023  |  Consumer Finance

Mortgage originations dropped and debt delinquencies rose during the first quarter. These trends happened as total household debt rose $148 billion, or 0.9%, in the...

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Unexpected Life Events Throw Many Consumers Into Credit Insecurity
Unexpected Life Events Throw Many Consumers Into Credit Insecurity
May 15, 2023  |  Consumer Finance

Bank charge-off rates indicate possible trouble on the horizon as consumers increasingly miss monthly payments.  It can take just a single life event to turn...

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 ‘High Spenders’ May Seek Credit Card Alternatives as Balances Build 
 ‘High Spenders’ May Seek Credit Card Alternatives as Balances Build 
May 11, 2023  |  Payment Methods

Credit cards have been a lifeline in the current inflation-fueled economy. But for the consumers who have been using their credit cards to cover a...

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Hometap Launches Home Equity Dashboard to Power Homeowners’ Financial Decisions
Hometap Launches Home Equity Dashboard to Power Homeowners’ Financial Decisions
May 10, 2023  |  Consumer Finance

Hometap has launched a digital platform designed to help homeowners make more informed financial decisions about their home. The new Home Equity Dashboard allows homeowners...

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Millennials’ Need for Credit and Financial Inclusion Offers Opportunity For FinTechs
Millennials’ Need for Credit and Financial Inclusion Offers Opportunity For FinTechs
May 09, 2023  |  Consumer Finance

Alternative data and scoring models can help deepen financial inclusion. Youth belongs to the young, goes the old saying. So does the future of financial...

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Truv Acquires Credegraph to Expand Lending Verification Offerings
Truv Acquires Credegraph to Expand Lending Verification Offerings
May 09, 2023  |  Consumer Finance

Truv has acquired Credegraph to expand its lending verification offerings. The acquisition adds Credegraph’s credit decisioning platform to Truv’s consumer-permissioned data platform, the companies said...

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An Industry Insider on How Secured Cards Can Boost Credit Profiles
An Industry Insider on How Secured Cards Can Boost Credit Profiles
May 09, 2023  |  Financial Inclusion

Nearly 60% of millennials report subprime credit scores, making it harder for them to get credit from traditional sources and build a credit profile. A...

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Gen Z, Millennials Use Credit Cards 30% More Than the  Average Cardholder
Gen Z, Millennials Use Credit Cards 30% More Than the Average Cardholder
May 09, 2023  |  Credit Cards

Inflation is pushing credit card spending to new heights as consumers increasingly use cards to pay for daily expenses. PYMNTS’ latest study reveals that one-third...

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