Sep 17, 2024 | Banks & Credit Unions, Financial Literacy, News
Loan Delinquencies Beginning to Level Off Bankers and industry analysts recently said that U.S. consumers’ late payments on credit cards and other loans have leveled off in recent months after rising earlier this year. Delinquency rates fell to just over 2 percent in...
Sep 11, 2024 | Financial Literacy, News
Study Finds 7 in 10 US Consumers Stressed About Personal Finances A recent PYMNTS Intelligence report, “No-Wait Wages: Leveraging Instant Payments to Boost Employee Satisfaction,” found that 70 percent of U.S. consumers feel stressed about their personal finances,...
Sep 5, 2024 | Financial Literacy, News
Americans Say Not Saving for Retirement and Emergencies are Top Financial Regrets, Study Finds A recent Bankrate survey found that 77 percent of Americans have a financial regret. 22 percent say they regret not saving for retirement early enough, and 18 percent regret...
Sep 3, 2024 | FinTech, News
Interest Rate Cuts Could Increase BNPL Usage, CEO Says Last month, one of the leading buy now, pay later (BNPL) providers, Affirm, reported in its fourth quarter fiscal 2024 results that it saw 31 percent year-over-year growth in gross merchandise volume (GMV),...
Aug 28, 2024 | Federal Regulation, News
CFPB Announces Plans For FAQs to Help BNPL Lenders Ensure Compliance The Consumer Financial Protection Bureau (CFPB) plans to issue a set of frequently asked questions (FAQs) next month to help buy now, pay later (BNPL) lenders comply with federal laws and...
