Cards Fintech Millennials New York 
PYMNTS
APRIL 5, 2019
In the latest staff report from the New York Federal Reserve , titled “Trends in Household Debt and Credit,” it is noted that one of the features of debt is that it can “provide access to assets.”. Against this backdrop, we find, then, that millennials do not embrace credit cards as readily as other groups of users.
PYMNTS
SEPTEMBER 18, 2019
The New York-based FinTech company Petal has announced a $300 million debt round from global investment bank Jefferies, adding to existing venture capital investments from Peter Thiel’s Valar Ventures, Rosecliff Ventures and others, the company announced in a press release on Wednesday (Sept.
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Let's Talk Payments
MAY 24, 2016
Survey finds that high-income and millennial consumers have the highest credit card usage in income and age categories, and most in favor of paying in installments New York, NY—May 23,
PYMNTS
DECEMBER 9, 2019
Statistical swarms of millennials and Gen Zers report never having used a paper check. That’s the picture emerging as B2B payments hustle to catch up to consumers who ran off giddily with P2P and the FinTechs. Their perception of banking, aside from ATMs, is entirely app-based – and mobile. Embarrassing, sure. The Big Gig.
PYMNTS
MAY 23, 2017
It took almost a full decade, but Americans’ debt level has reached a new all-time high, surpassing the $12.68 According to the latest data out of the New York Federal Reserve , total U.S. While mortgage delinquency rates continue to fall, delinquency rates on auto loans and credit cards are trending up. Diverging Trends.
PYMNTS
AUGUST 21, 2018
Six days later, The New York Times reported that Bear Stearns was dangling on the age of bankruptcy and a forced liquidation after it posted a 61 percent drop in net profits as a result of hedge fund losses in the subprime mortgage market. trillion during the quarter ending in June, according to the New York Federal Reserve.
PYMNTS
DECEMBER 19, 2016
While they enjoy many FinTech innovations, most millennials don’t have a snowball’s chance of earning more than their parents — ever. It’s one thing for the millennial offspring of the billionaire hedge-fund scions to fall short of making a billion because they only manage to pull down $760 million a year. It’s a fact.
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