PYMNTS-MonitorEdge-May-2024

consumer finance

Consumer Pullback Threatens Paycheck-to-Paycheck Gig Economy Lifelines
Consumer Pullback Threatens Paycheck-to-Paycheck Gig Economy Lifelines
March 27, 2023  |  Gig Economy

Tips and informal, ad hoc work are the mainstays of the gig economy. PYMNTS’ latest report on paycheck-to-paycheck consumers, done in collaboration with LendingClub, found that,...

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New Report Examines BNPL Providers’ Painful Pivot to Profitability
New Report Examines BNPL Providers’ Painful Pivot to Profitability
March 24, 2023  |  BNPL

After a record-breaking year in 2021, the FinTech industry experienced a significant downturn in 2022. High inflation, market volatility and recession fears caused investors to...

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CFPB Wants Credit Card Companies to Be More Transparent About Product Info
CFPB Wants Credit Card Companies to Be More Transparent About Product Info
March 21, 2023  |  Credit Cards

The Consumer Financial Protection Bureau (CFPB) wants to help Americans find new, better credit cards. The bureau announced Tuesday (Mar. 21) upgrades to its survey of credit card issuers...

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How the Right Data Helps Merchants Derisk Credit Programs and Boost Sales
How the Right Data Helps Merchants Derisk Credit Programs and Boost Sales
March 16, 2023  |  Consumer Finance

Inflation is constantly forcing consumers to rethink their budgets and how far their dollars stretch. Joe Sharp, CTO of Versatile Credit, told PYMNTS that having...

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T-Mobile Acquiring Mint Mobile Parent Company Ka’ena Corp.
T-Mobile Acquiring Mint Mobile Parent Company Ka’ena Corp.
March 15, 2023  |  Acquisitions

T-Mobile plans to acquire the parent company of Mint Mobile and Ultra Mobile. The purchase of Ka’ena Corporation and its subsidiaries and brands, which include wholesaler Plum along...

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Lenders May Seek Better Tools as Millennial Debt Delinquency Expectations Rise
Lenders May Seek Better Tools as Millennial Debt Delinquency Expectations Rise
March 14, 2023  |  Debt

Monthly government release reflects what lenders’ recent earnings reports have hinted: millennials are sinking in debt. The Federal Reserve Bank of New York released its...

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Credit Karma Launches Tool to Help Consumers Expand Their Wealth
Credit Karma Launches Tool to Help Consumers Expand Their Wealth
March 09, 2023  |  Consumer Finance

Credit Karma has debuted a tool to help customers expand and protect their wealth. Net Worth, announced Thursday (March 9), is being rolled out to customers with...

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Deal Chasing Becomes Mainstream — and Merchants Shouldn’t Be Happy
Deal Chasing Becomes Mainstream — and Merchants Shouldn’t Be Happy
March 06, 2023  |  Consumer Finance

American consumers remain pessimistic about the economy despite recent positive indicators. Consumers still expect elevated inflation rates for the foreseeable future, even as inflation has...

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27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt
February 28, 2023  |  Consumer Finance

Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...

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