consumer finances

Fidelity Launches IRA That Allows Direct Investments in Crypto
Fidelity Launches IRA That Allows Direct Investments in Crypto
April 02, 2025  |  Cryptocurrency

Fidelity Investments has launched a new IRA plan that lets investors directly invest in crypto, including bitcoin, ether and litecoin. The Fidelity Crypto IRA was launched Wednesday...

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From 1960s Tech to 2025 Transactions: The Infrastructure Leap Powering BNPL’s Boom
From 1960s Tech to 2025 Transactions: The Infrastructure Leap Powering BNPL’s Boom
March 31, 2025  |  BNPL

As this week’s “Pay Later Unpacked” virtual event draws to a close, we’ve heard a lot from the consumer-facing side of the house, as consumers...

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Why Mobile Banking at Credit Unions Demands More Than an App Refresh
Why Mobile Banking at Credit Unions Demands More Than an App Refresh
March 25, 2025  |  Credit Unions

For credit unions, the move toward becoming “smarter” digital financial service providers entails embracing several strategic and technological shifts.  David Durovy, senior vice president of...

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Chime Adds ‘Instant Loans’ for Preapproved Members to Banking App
Chime Adds ‘Instant Loans’ for Preapproved Members to Banking App
March 21, 2025  |  Loans

Chime has launched a product called Instant Loans that enables preapproved Chime members who receive direct deposits to their Chime Checking Account to access three-month installment...

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Reporting BNPL Performance to Bureaus May Broaden Pool of Credit-Worthy Consumers
Reporting BNPL Performance to Bureaus May Broaden Pool of Credit-Worthy Consumers
March 21, 2025  |  Consumer Finance

PYMNTS Intelligence has detailed that consumers opt for buy now, pay later (BNPL) plans because they’re convenient and accessible. More than half of the individuals...

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White House Faces Opposition to Efforts to Reduce CDFI Fund
White House Faces Opposition to Efforts to Reduce CDFI Fund
March 20, 2025  |  Politics

White House efforts to cut spending on a low-income lending program, the Community Development Financial Institutions Fund (CDFI Fund), are reportedly encountering opposition. Bankers, industry executives, lawmakers...

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How OppFi Can Say Yes to Credit When Traditional Banks Say No
How OppFi Can Say Yes to Credit When Traditional Banks Say No
March 20, 2025  |  Consumer Finance

U.S. consumers hold a record $1.2 trillion in credit card debt. Right now, households are in a holding pattern, where the growth in card balances...

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59% of Zillennials Value Leasing as Vehicle Purchase Option
59% of Zillennials Value Leasing as Vehicle Purchase Option
March 19, 2025  |  Consumer Insights

Forget the open road and the roar of the engine. A new generation, the zillennials (those born between 1991 and 1999), are approaching transportation with...

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Gen Z Accounts for Largest Increase in Paycheck-to-Paycheck Consumers
Gen Z Accounts for Largest Increase in Paycheck-to-Paycheck Consumers
March 14, 2025  |  Consumer Insights

Generation Z saw the sharpest increase in the number of people living paycheck to paycheck over the past two years. The share of Gen Z...

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