Oct 26, 2023 | Federal Regulation, News
CFPB Proposes Personal Financial Data Rights Rule Last week, the Consumer Financial Protection Bureau (CFPB) proposed a Personal Financial Data Rights Rule, which it says will promote a shift toward open banking where consumers have more control over their financial...
Oct 23, 2023 | Financial Literacy, News
40 Percent of Millennials Use Installment Plans to Improve Credit Scores A recent PYMNTS Intelligence study found that 60 percent of U.S. consumers used installment plans to purchase products in the last year, many of whom do so with the goal of improving their credit...
Oct 19, 2023 | Financial Literacy, News
High Debt Consumers Average 14 Late Payments Per Year A recent collaboration from PYMNTS Intelligence and Sezzle titled “The Credit Accessibility Series: Economic Malaise Exacerbating U.S. Consumer Debt Levels” found that roughly one-third of consumers struggle to...
Oct 17, 2023 | Financial Literacy, News
Report Finds 60% of Consumers Across All Income Levels Living Paycheck-to-Paycheck A recent report from PYMNTS and LendingClub found that almost 60 percent of U.S. consumers across all income levels reported living paycheck-to-paycheck in August, a slight decrease...
Oct 9, 2023 | Federal Regulation, Litigation, News
Supreme Court Signals Skepticism on Claims CFPB is Unconstitutional Since it was created, opponents of the Consumer Financial Protection Bureau (CFPB) have argued that its funding structure—among other elements—was unconstitutional. Last October, those opponents got a...
