consumer finances

CFPB Supports Connecticut Bill to Limit Reporting of Medical Debt
CFPB Supports Connecticut Bill to Limit Reporting of Medical Debt
April 15, 2024  |  Consumer Finance

The Consumer Financial Protection Bureau (CFPB) has written a letter in support of a Connecticut bill that would prohibit healthcare providers in the state from reporting medical debt...

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58% of US Consumers Sell Used Clothes to Earn Extra Money
58% of US Consumers Sell Used Clothes to Earn Extra Money
April 10, 2024  |  Consumer Finance

In the latest edition of “The Paycheck-to-Paycheck Report: High-Income Consumers Lead Surprising New Data on Side Hustles,” PYMNTS Intelligence explored a variety of methods U.S....

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Consumers’ Total Outstanding Credit Rose 3.4% in February
Consumers’ Total Outstanding Credit Rose 3.4% in February
April 05, 2024  |  Consumer Finance

Consumers’ total outstanding credit increased by $14.1 billion in February. Revolving credit accounted for $11.3 billion of the increase, while non-revolving credit made up the...

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Retailers Grapple With Mounting Pressures as Middle Class Takes a Hit
Retailers Grapple With Mounting Pressures as Middle Class Takes a Hit
March 08, 2024  |  Retail

As ongoing economic pressures shrink the middle class, retailers are being challenged to either cut prices and step up their deals and discounts or make...

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NatWest to End BNPL Option Due to Lower-Than-Expected Use
NatWest to End BNPL Option Due to Lower-Than-Expected Use
March 08, 2024  |  BNPL

NatWest will end its buy now, pay later (BNPL) product May 7 due to lower-than-expected use of the offering. This move comes less than two years...

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Dave’s ExtraCash Jumps 29% as Consumers Seek Emergency Funds
Dave’s ExtraCash Jumps 29% as Consumers Seek Emergency Funds
March 05, 2024  |  Earnings

Digital banking/finance platform Dave says its customers are seeking extra cash. More accurately, they’re seeking ExtraCash, the company’s cash advance program, which saw disbursements jump by double...

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Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
Capital One Sees Positives in Consumer Segments Despite Charge-Off Challenges
January 25, 2024  |  Earnings

Card delinquencies and charge-offs offer evidence of consumers struggling to meet their financial obligations. And credit card balances and delinquencies have been rising as consumer...

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As New Year Resolutions Often Fizzle, Will ‘Loud Budgeting’ Ring in Success?
As New Year Resolutions Often Fizzle, Will ‘Loud Budgeting’ Ring in Success?
January 20, 2024  |  Consumer Finance

The start of a new year often triggers the adoption of new behaviors such as joining a new gym, eating healthier or even opting to...

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Consumers Temper Their Spending Plans Despite Slowing Inflation
Consumers Temper Their Spending Plans Despite Slowing Inflation
January 08, 2024  |  Economy

Consumers expect the punishing pace of inflation to decline in the months and years ahead. But they’re reigning in their spending plans, too — a...

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