PYMNTS
SEPTEMBER 29, 2020
But they show an increasing interest in online banking, an attempt to grow savings — and a higher debt burden. Housing certainly contributed to a wealth boost, up more than 5 percent annually, while equity markets increased by double-digit percentages from 2016 to 2019. Online Banking . percent in 2007. percent in 2007.
PYMNTS
MAY 4, 2018
Virginia is suing one of the largest online lenders in the U.S. Its parent company, Enova International, reportedly spent more than $100 million in 2017 for marketing. In the newspaper’s story, Attorney General Mark Herring advocated for stronger laws to “protect Virginians from predatory loans, whether issued online or in person.”.
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PYMNTS
NOVEMBER 13, 2017
The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The researchers used data from TransUnion for the study, pinpointing 90,000 borrowers who took out online loans from 2007 to 2012.
PYMNTS
SEPTEMBER 12, 2018
The battle is on for dominance in online apparel, and Amazon is closing in on $30 billion in gross apparel and footwear sales that could put it in the lead ahead of long-time market leader Walmart. 2 player) and they even have remarkably high market share in the total apparel/footwear market in the U.S.”.
PYMNTS
MARCH 21, 2017
The Ottawa-based company and has created an online marketplace platform that automatically connects buyers and producers of grain — and investors have taken notice. In 2007, only about one-third of people living in rural areas had access to broadband internet versus almost half of urban populations, according to the Pew Research Center.
PYMNTS
AUGUST 18, 2017
Despite years of revenue reports indicating that online stores had become vital lifelines for retailers in every segment from furniture to fashion — accounting for more than 10 percent of retail purchases, and bringing in more than $105 billion in the first quarter of 2017 alone — some businesses have resisted selling their inventory online.
PYMNTS
NOVEMBER 5, 2019
In 2007 Kyle Vucko and Heikal Gani weren’t looking to disrupt the world of men’s fashion, change how people buy their custom-made clothing or to be lauded as creative force being one of “ new web’s most promising startups.” And in terms of that online ordering experience, the firm in the intervening decade or so has remained very consistent.
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