Monday (March 10) marked another bloodletting on Wall Street, another slew of headlines about tariffs and trade wars. And as economic concerns mount, the picture on consumer debt becomes cloudier. PYMNTS reported recently that data from the Federal Reserve revealed overall credit increased $18.1 billion...
After a holiday spending frenzy, consumers have returned to a more normalized rate of spending, as measured in incremental borrowing on credit cards and other forms of debt. December saw a massive $37.1 billion increase in total credit, where revolving credit — the category that...
Treasurers are vital in transportation and logistics companies, managing liquidity and influencing financial health. But how often do companies underuse their expertise due to limited interdepartmental influence? Treasurers in this sector face barriers, including limited collaboration opportunities and a lack of understanding of their role. These...
While many Americans are cutting back, their wealthier neighbors are spending freely. As the Wall Street Journal (WSJ) reported late Sunday (Feb. 23), the top 10% of earners — households making at least $250,000 per year — are shelling out cash for things like vacations...
The holiday splurge has passed — and now comes the holiday hangover? The New York Federal Reserve detailed in its most recent report, “Household Debt and Credit,” that consumers loaded up on their credit cards in the fourth quarter of the year — which encompassed...
Upstart’s latest quarterly results showed double-digit gains in loan originations, powered by artificial intelligence (AI) and automation, where management also said that the credit quality of its lending portfolio was strong amid new capital commitments from its lending partners. The earnings materials indicate that during...
U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Total credit rose by $40.8 billion following a $5.4 billion decline the month before, according to Federal Reserve data released Friday (Feb. 7). A report by Bloomberg News says this increase...
Consumers can’t spend money they don’t have, and right now, many are running out of cash. The lenders that win are the lenders that give their end-user consumers what they want. As more and more consumers turn to credit to afford essentials against a backdrop...
In the face of escalating living costs, it’s immediate survival or bust for many Americans. The latest PYMNTS Intelligence reveals that 65% of consumers are living paycheck to paycheck, with 24% struggling to pay their bills. That’s nearly a quarter of Americans playing an exhausting...
