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SoFi Sees Investor Accounts Double Thanks To Fractional Shares

PYMNTS

The increase during what has been a volatile time for financial markets tells a “tale of two cities,” he told the network on Wednesday (May 27), as COVID-19 has wreaked economic havoc in addition to its health toll. Founded in 2011, SoFi made its reputation by refinancing student loans for millennials. consumers this summer.

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How Can Banks Thrive in the Next Five Years?

Jeff For Banks

The money market mutual fund became a formidable competitor to the bank account. In Pennsylvania, Rocket has number 1 market share. Then came this bubble generation they named millennials. Ever call your millennial child only to get a text back asking "what?" Because that is what millennials needed at the time.

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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.

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Don't Bank. SoFi

Jeff For Banks

After its most recent capital raise in September, SoFi, a marketplace lender that focuses on millennials, has raised nearly $1.5 billion in equity capital since its founding in 2011. billion in equity capital, with a market capitalization close to book value. SoFi started in 2011, so the tide has not yet gone out on them.

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Is It Officially Time To Start Worrying About Consumer Credit?

PYMNTS

Add to that the diminished value of used cars — down about 8 percent this year — and auto lenders like Ally Financial are predicting a market that will be contracting this year. percent, its highest level since 2011. More telling, according to market watchers, is how Cap One is explaining the apparent weakness. trillion of $3.6

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Report: Credit Card APRs At Highest Rates In Five Years

PYMNTS

The national average annual percentage rate (APR) for credit card debt is 15.22 The last time the national average for credit card APRs hit 15.22 2011 during the peak of the holiday shopping season. Our latest Industry Insights Report still points to a healthy consumer credit market,” Verma said in a statement.

Cards 100
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Good News from Gen Next

Independent Banker

Out of Mom and Dad’s basement, millennials are primed to become your next best customers. Bauhs is on the tail end of the “millennial” generation, which is commonly defined as those born between 1980 and 2000. This is really the moment for community banks to show that they’re a fit for millennials. By Ed Avis.