Jun 16, 2020 | FinTech, News, Online Lending
Income & Employment Trends During COVID-19 Unemployment claims have exceeded 36 million in America, and our economy is experiencing a shift no one saw coming. In these unprecedented times, consumers have taken drastic measures that are changing their borrowing...
Jun 15, 2020 | Banks & Credit Unions, News
New York Fed Says Consumers Were More Optimistic About Economy in May According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations for May 2020, Americans grew more optimistic about the state of the economy compared to April. However,...
Jun 12, 2020 | Financial Literacy, News
Experian Report Shows Decreased Delinquency Rates on Auto Loans in Q1 2020 According to Experian’s most recent State of the Automotive Finance Market Report, delinquency rates on automotive loans went down during the first quarter of 2020, even as the industry dealt...
Jun 10, 2020 | Banks & Credit Unions, News
U.S. Economy Officially Enters Recession as of February In February 2020, the United States economy entered its first recession in 11 years as a result of the widespread business shutdown during the coronavirus pandemic. According to a report issued this week by the...