PYMNTS-MonitorEdge-May-2024

personal finance

40% of Millennials Tap Installment Plans to Improve Their Credit Scores
40% of Millennials Tap Installment Plans to Improve Their Credit Scores
October 16, 2023  |  Payment Methods

Installment plans have emerged as a popular payment method, offering consumers the flexibility to pay for their purchases over time, rather than upfront. This enables...

READ MORE >
Wells Fargo Expands Availability of Digital Financial Advice Services
Wells Fargo Expands Availability of Digital Financial Advice Services
October 12, 2023  |  Personal Finance

Wells Fargo has expanded the availability of its personalized digital financial advice and planning services, known as LifeSync, to all its consumer customers. LifeSync was initially launched...

READ MORE >
High Interest Rates Drive New Records in Auto Loan Payments
High Interest Rates Drive New Records in Auto Loan Payments
October 06, 2023  |  Loans

The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. With one in five...

READ MORE >
Stockpile and Green Dot Partner on Debit Cards for Minors
Stockpile and Green Dot Partner on Debit Cards for Minors
October 03, 2023  |  Personal Finance

FinTech Green Dot and investing platform Stockpile have partnered to make investing and personal finance more accessible to consumers of all ages.  The collaboration will introduce...

READ MORE >
High-Income Earners’ Love of Installment Plans Signals Lucrative Opportunity for Merchants
High-Income Earners’ Love of Installment Plans Signals Lucrative Opportunity for Merchants
September 29, 2023  |  Consumer Finance

Credit card installment plans for common purchases are gaining popularity among consumers, who are drawn to the flexibility they offer in managing their spending and...

READ MORE >
80% of Americans See Savings Decline Since Pandemic Peak
80% of Americans See Savings Decline Since Pandemic Peak
September 25, 2023  |  Economy

Most Americans are reportedly facing financial challenges as their pandemic savings have dwindled. Beyond the wealthiest 20% of the U.S., Americans have depleted their extra...

READ MORE >
Intuit Launches Financial Educational Program for High School Students
Intuit Launches Financial Educational Program for High School Students
September 22, 2023  |  Personal Finance

Intuit has launched an educational program aimed at teaching high school students skills needed to run a business. The program involves providing fully operational food trucks...

READ MORE >
CFPB Wants to Wipe Medical Bills From Credit Reports
CFPB Wants to Wipe Medical Bills From Credit Reports
September 21, 2023  |  Healthcare Financing

The Consumer Financial Protection Bureau (CFPB) has begun a rulemaking process aimed at removing medical bills from Americans’ credit reports. This move is intended to provide financial...

READ MORE >
BMO and DailyPay Enable Earned Wage Access for Commercial Clients
BMO and DailyPay Enable Earned Wage Access for Commercial Clients
September 21, 2023  |  Payroll

BMO Financial Group has partnered with DailyPay, a provider of on-demand pay solutions, to enable BMO’s commercial clients to offer earned wage access to their employees. This...

READ MORE >