Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs
Number of Paycheck-to-Paycheck Consumers Continues Inching Toward Record Highs In light of the recent election, PYMNTS Intelligence found that more than 66 percent of consumers across all income levels are living paycheck to paycheck, which is up from 56 percent who...
CFPB Under Incoming Trump Administration Likely to Roll Back Credit Card and Banking Rules
CFPB Under Incoming Trump Administration Likely to Roll Back Credit Card and Banking Rules The Consumer Financial Protection Bureau (CFPB) will likely reverse several of its Biden-era rules and scale back its regulatory agenda after President-elect Donald Trump...
Senate Banking Committee Chairman Sherrod Brown Loses Reelection as Senate Flips to Republican Control
Senate Banking Committee Chairman Sherrod Brown Loses Reelection as Senate Flips to Republican Control Bernie Moreno, Republican car salesman and entrepreneur, has defeated incumbent Senator Sherrod Brown (D-Ohio), the chair of the Senate Banking Committee, who is...
CFPB Finalizes Rule on Personal Financial Data Rights
CFPB Finalizes Rule on Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently finalized its Personal Financial Data Rights Rule which it says is designed to give consumers greater privacy, security, and rights over their personal...
Majority of Americans Feel Behind on Emergency Savings, Survey Finds
Majority of Americans Feel Behind on Emergency Savings, Survey Finds A recent Bankrate survey found that 62 percent of Americans feel behind on their emergency savings, including 26 percent who say they feel slightly behind and 37 percent who say they are...
CFPB Ramping Up Enforcement Efforts with SCOTUS Decision in Rear View
CFPB Ramping Up Enforcement Efforts with SCOTUS Decision in Rear View The Consumer Financial Protection Bureau (CFPB) recently began to revive its enforcement efforts, as the U.S. Supreme Court (SCOTUS) has mostly settled questions regarding the bureau’s funding after...
Consumer Delinquency Expectations Reach Highest Level Since April 2020
Consumer Delinquency Expectations Reach Highest Level Since April 2020 In September, U.S. consumers’ delinquency expectancy increased for the fourth month in a row to reach its highest number since April 2020, according to a recent press release regarding the Survey...
Nearly 8 in 10 Millennials and Gen Z Get Financial Advice from Social Media
Nearly 8 in 10 Millennials and Gen Z Get Financial Advice from Social Media According to a recent PYMNTS Intelligence report, titled “The New Challenges Facing Finance: Algorithms, Finfluencers and the Quest for Reliability,” 79 percent of millennial and Gen Z... 