credit

Latest Consumer Data Shows Expenses Grew Faster Than Income in September
Latest Consumer Data Shows Expenses Grew Faster Than Income in September
October 31, 2024  |  Economy

The latest data from the Department of Commerce’s Bureau of Economic Analysis revealed that consumer spending outpaced income growth in September. The news may be...

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FTC Begins Refunding $2.5 Million in Credit Karma Deception Case
FTC Begins Refunding $2.5 Million in Credit Karma Deception Case
October 31, 2024  |  Regulation

The Federal Trade Commission is issuing payments to consumers misled by deceptive claims from Credit Karma. The FTC is sending checks and PayPal payments to...

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Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
Mastercard: Contactless Payments Now 70% of Face-to-Face Transactions
October 31, 2024  |  Mastercard

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts...

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Velera and RAI Collaborate on Credit Acceptance Programs
Velera and RAI Collaborate on Credit Acceptance Programs
October 30, 2024  |  Credit Unions

Velera and RAI Partners have teamed up to offer credit unions access to solutions that include turn-down programs and portfolio acquisitions. The two credit union...

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Private-Label Card Trends May Signal Uneven Holiday Spending
Private-Label Card Trends May Signal Uneven Holiday Spending
October 29, 2024  |  Credit Cards

Private-label credit cards, or store cards, make up a small percentage of overall consumer credit. The Federal Reserve estimated earlier this year that “retail credit...

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SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
SoFi Money Accounts Surge 54% as Monetization Across All Products Continues
October 29, 2024  |  Earnings

SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign. Members are accessing more products across...

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Markaaz CEO: Two-Sided Platform Plugs the ‘Data Gap’ on Small Businesses
Markaaz CEO: Two-Sided Platform Plugs the ‘Data Gap’ on Small Businesses
October 29, 2024  |  SMBs

There’s a data gap that exists for small businesses — a lack of information about them that makes banks shy away from extending credit or...

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Are Healthcare Businesses Leveraging Working Capital More Efficiently Than Yours?
Are Healthcare Businesses Leveraging Working Capital More Efficiently Than Yours?
October 28, 2024  |  B2B Payments

In today’s increasingly interconnected and digital world, it’s never been better to be a business. But that doesn’t mean it is any easier to be...

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Credit Card Delinquencies Crept Up in September Amid Renewed Spending
Credit Card Delinquencies Crept Up in September Amid Renewed Spending
October 27, 2024  |  Credit Cards

Consumers spent with confidence last month as retail sales climbed. And as Seeking Alpha noted in its “Credit Pulse” report Sunday (Oct. 27), much of...

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