Remove Data Remove Lending Remove Millennials Remove Taxes
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Might Millennials’ Dissatisfaction Hint At Housing Downturn To Come?

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News came this week, as noted across sites such as CNBC , that millennial homeownership has been creeping along. Consider the fact that only one in three people under the age of 35 own a home, and data from the Census Bureau show that pace is 8 percentage points below the homeownership rate that has been seen in previous generations.

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New Data: Receivers Value Instant Payouts Enough To Pay To Get Them

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Instant payments that enable the 24/7, year-round transfer of tax refunds, benefits, dividend payments and other disbursements could be key to quickly getting them money for much needed purchases within 30 minutes or less. This is in turn driving a need for fresh financial solutions that can help customers pay — and get paid — fast.

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Disbursements By Voice Are Growing In Popularity – And Other Instant Disbursements Trends

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Consumers and microbusinesses now get an average of two disbursements each year, excluding tax disbursements from local, state and federal governments. For instance, instant payments are most prevalent in the worlds of wages, insurance disbursements and lending payouts, according to the survey results. Fast Fact No. percent as of 2018.

Trends 306
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Today In Payments: Chinese Tech Investments In US Plummet; Ransomware Attacks Up 41 Pct In 2019

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Data Shows 41 Pct Hike In Ransomware Attacks In 2019. Reynolds CEO: Recreating Grocery’s Home Goods Aisle For The Millennial. China’s Central Bank To Start Re-Lending Funding To Fight Virus. Amazon (And Others) Brace For India’s New eCommerce Tax. India has levied a new tax on eCommerce companies and platforms.

US 142
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America’s Expanding Debt Footprint (And What It Really Means)

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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. But that 42 percent of debt is not divided evenly among consumers — millennials are carrying the vast bulk of it.

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AltFin’s Bumpy Ride Into An Uncertain 2019

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However, under the hood, household finances may not be quite as solid as the macro-economic data figures might have indicated. 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. Resetting Mortgage Services.

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Are Employers The Low-Dollar Lenders Of The Future?

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As the controversy around payday lending continues to swirl and questions about how and if low-dollar loans can be offered to low-income workers in a fair and low-cost manner are brought up more and more, a new potential source of such funds has started striding onto the field. The move comes as the American worker is facing leveled-up debt.

New York 100