PYMNTS

JUNE 26, 2018

When the Great Recession kicked off a decade ago, for a brief but memorable time, it seemed as though credit in the United States was never going to recover. Mortgage balances currently are around 68 percent of disposable income, and credit card balances are less than 7 percent of income. Student loan debt recently surpassed $1.5

Millennials 116

Millennials Lending United States Comparison 116

PYMNTS

AUGUST 10, 2020

The funds can then be deposited into any type of account, including a bank account, prepaid card or digital wallet. Most United States payees cannot access their funds immediately. Payors know this but greatly underestimate how much payees value instant payments. .

Report 228

Report Payments Millennials Cards 228

PYMNTS

SEPTEMBER 15, 2017

Of course, banks have to be run with safety and soundness to protect those deposits, but they also have myriad public mandates, like fair lending, anti-money laundering and customer privacy. Millennials , she noted, tend to enter the credit system with a bang once they start having families.

Fintech 198

Fintech System Lending Cards 198

PYMNTS

DECEMBER 28, 2018

These secretly vulnerable consumers, Webster noted, often use debt to make ends meet, either on credit cards or through alternative vehicles like online lenders. The rising rates have not only made debt more expensive, but they have been a weight on loan growth across both bank and FinTech lending platforms in the back half of the year.

Millennials 145

Millennials Lending System Data 145

PYMNTS

MARCH 28, 2017

He also strongly advised that people take out as many credit cards as they could and marry someone with good credit before officially telling the Federal Department of Education (DoE) to get lost. Nearly half of the outstanding debt in default comes from the old bank-based federal lending program, known as the FFEL Program.

Millennials 100

Millennials Lending Policies United States 100

PYMNTS

APRIL 19, 2016

Credit cards are a way of life for consumers, for the businesses that rely on them and for small business owners dealing with the volatility of day-to-day cash flows. There’s also a disparity here, noted the report, as credit card originations to consumers with relatively high scores actually moved higher with an average of 1.3

Cards 100

Cards Regulation United States Lending 100

PYMNTS

APRIL 4, 2019

After hitting a peak a little north of $12 trillion in 2008, household debt began contracting in 2008 and kept falling through 2012, according to the Federal Reserve Board ’s Financial Accounts of the United States. The trigger, of course, was the Great Recession and consumers and banks pulling the credit levers back and hard.

US 116

US New York Trends United States 116

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

JULY 21, 2017

Finance said this past week that a third of card payments were done the contactless way, and this was up 18 percent year on year to 4.5 Given that the debit and credit card share of total retail sales is at 77 percent, acceleration in contactless may be in the (virtual) cards. billion pounds.

Millennials 100

Millennials Mobile Branding Retail 100

CB Insights

SEPTEMBER 10, 2019

While the media often portrays millennials as preoccupied with the rising prices of festival tickets and avocado toast, their real financial concerns are a bit more practical. But millennials face significant headwinds in making those financial dreams a reality. get the REPORT on next generation investors. From big banks to big tech.

Millennials 77

Millennials Mobile Lending Cards 77

PYMNTS

MAY 22, 2018

The pair collaborated on the first push payment seen in the United States five years ago. Millennials are helping to shape expectations of transactions — and what they want is now. In an interview with Karen Webster, Ingo Money CEO Drew Edwards and Visa ’s SVP, head of U.S.

Payments 101

Payments United States Lending User Experience 101

PYMNTS

SEPTEMBER 22, 2020

The nation mourns this week as Supreme Court Justice Ruth Bader Ginsburg will lie in state in Washington, DC starting Wednesday (Sept. 18 after serving on the United States Supreme Court for 27 years. 23) in the Supreme Court and ending the week on Friday (Sept. 25) in the Capitol Building. Ginsburg died on Sept.

Cards 350

Cards Policies Idaho DC 350

CB Insights

AUGUST 6, 2017

Lending, Investments, And Personal Finance: 102 Startups Attacking The Retail Banking Value Chain. Millennial Personal Finance: 63 Fintech Startups Targeting Millennials. The United States Of Unicorns: Every US Company Worth $1B+ In One Map. $1B+ ARTIFICIAL INTELLIGENCE AND ROBOTICS. INDIA TECH. Back to top.

Industry 78

Industry Marketing Fintech Software 78

PYMNTS

OCTOBER 31, 2016

Regardless of who’s sworn in as president of the United States on Jan. But, thank goodness, we saw the rise of those disruptive alternative lenders, like Lending Club, to fill the gap that the traditional banks left. Only then did the CFPB report that complaints about prepaid cards topped their list for the month.

Regulation 100

Regulation Innovation Data Industry 100