consumer finances

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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Nearly 80% of Couples Share Bank Accounts to Streamline Household Finances
Nearly 80% of Couples Share Bank Accounts to Streamline Household Finances
December 21, 2023  |  Personal Finance

Balancing household budgets amid rising living costs is a widespread challenge. To streamline finances, individuals residing with partners or spouses are most likely to pool...

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Discover and Capital One Card Delinquencies Point to Pressures for Prime, Near-Prime Consumers
Discover and Capital One Card Delinquencies Point to Pressures for Prime, Near-Prime Consumers
December 18, 2023  |  Credit Cards

Card delinquencies and charge-offs offer evidence of the struggles of meeting current obligations. They can also be a harbinger of spending slowdowns in the future....

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Nearly 40% of Credit Unions Say No to Installment Loans
Nearly 40% of Credit Unions Say No to Installment Loans
December 11, 2023  |  Credit Unions

Traditionally, consumers have relied on their primary financial institutions (FIs), such as banks or credit unions (CUs), for credit products like credit cards, mortgages, auto...

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