PYMNTS

MAY 22, 2018

household debt could hit $4 trillion primarily in the form of credit cards and auto loans, which have been steadily climbing. By itself, that’s not terrible news: Debt is a tool — one that many consumers had been locked out of for several years following the recession as banks pulled back their lending to all put the most prime of customers.

Lending 108

Lending Cards Maine Comparison 108

CFPB Monitor

MARCH 10, 2017

The CFPB has issued another request for information about the credit card market that identifies significant new issues of CFPB interest. The request is intended to inform the CFPB’s biennial review of the credit card market mandated by the CARD Act. Third-party comparison sites. Secured credit cards. Culhane, Jr.

Cards 68

Cards Comparison Trends Marketing 68

PYMNTS

AUGUST 12, 2016

So, while seemingly paling in comparison, this week had its fair share of Sizzles — and some interesting Fizzles. Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. Here ya go… SIZZLE.

Lending 100

Lending Apple Cards Study 100

PYMNTS

JUNE 23, 2017

LexisNexis Risk Solution, a data and analytics company that helps loaners assess the risk of small business lending to borrowers, is teaming up with Cortera to add its trade credit analytics capabilities into the mix. ”

Data 136

Data Payments Analytics Comparison 136

PYMNTS

FEBRUARY 21, 2019

By comparison, a Bloomberg survey found an average $3.43 The company’s revenue from its outdoor segment jumped by 25 percent during the fourth quarter, Bloomberg reported. At the same time, the company is predicting revenue of roughly $3.5 billion this year. billion estimate from analysts.

Comparison 108

Comparison Survey Lending Cards 108

Gonzobanker

MAY 8, 2015

The annual LendIt conference was held last month at Times Square in New York City and GonzoLender descended boldly on the scene to evaluate the mysterious underbelly of digital lending. The lending attack on community banks and credit unions has been waged. LENDING VERTICALS. peer-to-peer or Marketplace) and lending vertical.

Conference 60

Conference Lending Community Bank Community 60

CB Insights

AUGUST 3, 2017

Latin America fintech companies are creating solutions aimed at rethinking banking, lending, and payments in the region. Lending : Companies providing loan and credit products, such as Creditas , which has raised $27M to offer collateralized loan products. Comparison & Personal Finance. Comparison & Personal Finance.

Company 65

Company Fintech Comparison Marketing 65

PYMNTS

JUNE 26, 2018

And not just one branch of underwriting — for a short while there, it seemed like all of it had hit Game Over status — with consumers; SMB and even enterprise-level lending slowed to a near stop. Mortgage balances currently are around 68 percent of disposable income, and credit card balances are less than 7 percent of income.

Millennials 116

Millennials Lending United States Comparison 116

Fintech Labs Insights

MARCH 29, 2017

Pictured: LendingTree’s Gabe Dalporto (CMO and President, Lending) demonstrating My Lending Tree at FinovateSpring 2015. Headquartered in Charlotte, North Carolina, LendingTree demonstrated its My Lending Tree personalized borrower’s platform at FinovateSpring 2015.

Comparison 12

Comparison Tools North Carolina Charlotte 12

PYMNTS

AUGUST 14, 2019

This newest P2P offering follows last year’s move by Venmo to add an option to make an instant transfer through a debit card, which would get the money to a bank account in minutes for a 1 percent fee, with a minimum of 25 cents and a maximum of $10. About a fifth, by comparison, had used Venmo for gambling. Zelle Trends.

Payments 124

Payments Trends Cards Comparison 124

CB Insights

AUGUST 17, 2017

These include: P2P Lending: According to a recent study , 80% of the Indonesian population does not have a formal bank account, with 203 million Indonesians earning less than $4.50 Over the last year, a number of P2P lending startups have raised investment to try and help fill the void.

Fintech 36

Fintech Comparison Lending Capital 36

FICO

JUNE 1, 2023

Inflation (the year-over-year comparison of the Consumer Price Index) continued to slow in March to 5%; however, prices continue to rise month-over-month. Compared to Q4 2021, the average interest rate on general purpose credit cards has increased nearly 800 basis points (Source: Federal Reserve G.19 year-over-year.

Trends 52

Trends Industry US Cards 52

BankBazaar

NOVEMBER 18, 2021

In 2011, just a small percentage of the approximately 10 million retailers expected card payments, according to the same paper and around 145 million households were not connected to the banking system. Additional Reading: A New Era Of Lending: Is It Good Or Bad? In comparison to Rs. Additional Reading: Lost Your Credit Card?

Payments 78

Payments Cards System National 78

Gonzobanker

MAY 8, 2020

Using quarterly comparisons from last year’s performance, we forecasted each bank’s income statement as follows: Net interest margin contracted by 15 basis points Non-interest income declined 15% Loan loss provisions increased by 350% from the same quarter last year. Practice the art of surgical lending.

Lending 104

Lending Analytics Analysis Capital 104

PYMNTS

MAY 28, 2019

Indonesian ride-hailing and online payment company GO-JEK , for instance, is expanding its financial technology services through partnerships with peer-to-peer (P2P) lending firms Dana Cita, Aktivaku and Findaya. billion – of funds were lost to card fraud in 2018, up from $1.4 Just under $3 billion – or $2.7 billion in 2017.

Apple 159

Apple Mobile Fraud Branding 159

PYMNTS

AUGUST 23, 2019

The ubiquity of smartphones is driving the growth, and large financial services firms are linking with government initiatives and tech-nimble upstarts to change the way everything from corporate banking to lending is done. By way of comparison, through the first three quarters of 2018, FinTech investments stood at $2 billion.

Fintech 109

Fintech Report Capital Comparison 109

PYMNTS

OCTOBER 5, 2018

percent (this is the rate charged as banks lend to one another), rates are coming off of historic lows. The prime rate influences rates charged on borrowings from credit cards to any number of other variable rate loans. The backdrop is one where rising yields portend, possibly, more rate increases from the Federal Reserve.

United States 108

United States Course Comparison Trends 108

PYMNTS

JANUARY 22, 2020

Over the last years, that shift [has intensified],” Parsons said, noting that about two generations ago, the first payment card was not even plastic, but paper — something most consumers today are unable to recall or likely believe. You have to think of it as a complete experience, which lends itself to multiple channels.”.

Retail 137

Retail Millennials New York City social media 137

FICO

OCTOBER 19, 2022

FICO recently released its second set of FICO® Resilience Index benchmarking reports, revealing interesting insights and trends about lending portfolio resilience over time. In contrast, both new and existing borrowers in 2013 had historically low sensitivity levels, following years of conservative post-recession lending and borrowing.

Lending 52

Lending Industry Trends Management 52

Celent Banking

NOVEMBER 24, 2015

Lending criteria has tightened up significantly over the last few years – most UK consumers have had the overdrafts and credit card limits reduced, and remortgaging is now frankly very hard work. Comparison. I’m also uneasy that a well-known comparison website is hosting the service. But perhaps I’m wrong?

US 100

US Comparison Retail Maine 100

PYMNTS

JULY 20, 2017

And while to American audiences who are perhaps just beginning to warm to the idea of using Apple Pay or PayPal in a physical store, more interesting is that a short three years ago cash was very much still king among Chinese consumers, as card use has always been a somewhat limited phenomenon. We are a network in our own sense.

Apple 137

Apple Mobile Cards New York 137

PYMNTS

JANUARY 3, 2017

By comparison, overdraft income at Wells was up 7.5 This is a shadow payday lending program by the banks, dressed up in a different name,” Mike Calhoun, president of the Center for Responsible Lending, based in Durham, North Carolina claims. billion between July and September, up 2.4 percent range.

Regulation 104

Regulation North Carolina San Francisco Portland 104

PYMNTS

NOVEMBER 28, 2016

They should, however, be commended for lending money. Time to recognize the importance of lending for consumers and small businesses and for making the economy go ‘round and ‘round. Meanwhile, financial services providers must do a better job of explaining how lending helps consumers and, of course, policing themselves.

Lending 100

Lending Regulation Cards Maine 100

CFPB Monitor

NOVEMBER 14, 2014

Yesterday I attended the Consumer Financial Protection Bureau’s (CFPB) field hearing in Wilmington, Delaware, at which the CFPB unveiled and accepted public comment on its long-awaited proposed rule for prepaid accounts under the Electronic Fund Transfer Act (Regulation E) and the Truth In Lending Act (Regulation Z) (the Rule).

Delaware 84

Delaware Cards Regulation Lending 84

PYMNTS

MAY 10, 2016

The study looked at 500 consumers (18+) in each country who had at least a credit or debit card. “The pie for card issuers in Europe is significant. Cash is increasingly being displaced by cards and the pie for cards is growing,” commented Richetta during the conversation. ” The Highlights.

Regional 100

Regional Payments Study Cards 100

CFPB Monitor

MAY 3, 2019

1026.51 (credit cards) and 12 C.F.R. Diane Standaert, Executive Vice President and Director of State Policy, Center for Responsible Lending. (A Compare 12 C.F.R. §§ 1041.5, Payday Loan Rule) with 12 C.F.R. 1026.43 (residential mortgages).) Kenneth Whittaker, Southeast Michigan Organizing Director, Michigan United. (A

Michigan 68

Michigan Policies Utah Lending 68

Fintech Labs Insights

OCTOBER 27, 2021

While they were always disappointed not to win Best of Show, lending is a category that rarely excites an audience of well-do-do technologists. As part of American Express (since Oct 2020), Kabbage has expanded its product line into checking and credit card processing. Credit card processsing. APY (first $100k). Company vitals.

Atlanta 15

Atlanta Comparison Tools Cards 15

Insights on Business

DECEMBER 10, 2015

As banks eagerly await the Fed’s decision on raising interest rates to redeem them by improving their lending margins and profitability, I see banks in a similar spot as that of a soul surfer. Well, you may think of more parallels that warrant a comparison between a bank and a soul surfer.

San Jose 101

San Jose Comparison Management Policies 101

MyBankTracker

MAY 22, 2020

APRs are lower than predatory lending options. While the loans are very expensive, they offer a middle ground between traditional loans and potentially predatory payday lending. You can receive the money in the following ways: mailed check prepaid debit card direct deposit to your bank account Reporting the Loan to Credit Bureaus.

Idaho 52

Idaho Lending Alabama Wisconsin 52

MyBankTracker

AUGUST 13, 2020

First Tech excels at quick decisions, offering lending decisions in as little as 24 hours. When you apply for a personal loan, expect the lender to ask for some basic information so it can make a lending decision. If you leave your lender with questions, it could slow down the lending process. Lending Club Personal Loans Review.

Oregon 52

Oregon Lending Payments Meeting 52

Fintech Labs Insights

APRIL 15, 2021

By comparison, the latest batch (W21) had 54! (Of Embedded lending infrastructure for software companies. Debit rewards card for gamers. Cards #Rewards. Credit cards for the underbanked with no credit check or cash deposits. Lending #Cards. Go-to-card for conscious consumers. Lending #SMB. .

San Francisco 15

San Francisco CA Fintech Company 15

Fintech Labs Insights

AUGUST 31, 2021

In comparison, last year the highest-ranked fintech was #46 Yieldstreet and there were only 2 other fintech startups in the top 100. Lending software. Card processing. Related: Top 15 Online Digital Corporate Credit Cards for Small Businesses (August 2021). 3-yr Growth*. Employees. Greenlight. DealMachine. Bitcoin ATMs.

Fintech 15

Fintech Company United States Comparison 15

PYMNTS

MARCH 14, 2017

Once one gets in, their SAT score is officially useless to them; a mortgage underwriter won’t ask about it, credit card companies don’t care about it, and while we can’t be sure that no employer on Earth would make a hiring decision on the basis of it, we are fairly sure that the list of those that do is vanishingly short.

Taxes 100

Taxes Report Data Lending 100

PYMNTS

JUNE 30, 2016

While Apple Pay also recently launched in Singapore, Samsung Pay joins the region with its signature niche: the MST tech that makes Samsung Pay usable at virtually anywhere merchant credit cards are accepted. Anyone who loaded a gift card onto the CurrentC wallet and didn’t hold onto that gift card will lose that balance after June 28.

Mobile 104

Mobile Samsung Apple Missouri 104

FICO

APRIL 28, 2022

Payment behavior on BNPL accounts: Consistent with all types of lending products reflected in the consumer credit file, the inclusion of BNPL loans that demonstrate on-time payment data and/or low utilization will be more likely to support a higher FICO® Score. credit card, mortgage, student loan, etc.)

Report 98

Report Data Analysis Study 98

Insights on Business

DECEMBER 10, 2015

As banks eagerly await the Fed’s decision on raising interest rates to redeem them by improving their lending margins and profitability, I see banks in a similar spot as that of a soul surfer. Well, you may think of more parallels that warrant a comparison between a bank and a soul surfer.

San Jose 70

San Jose Comparison Management Policies 70

Insights on Business

DECEMBER 10, 2015

As banks eagerly await the Fed’s decision on raising interest rates to redeem them by improving their lending margins and profitability, I see banks in a similar spot as that of a soul surfer. Well, you may think of more parallels that warrant a comparison between a bank and a soul surfer.

San Jose 70

San Jose Comparison Management Policies 70