Search Results for: Consumer Credit

Pagaya Hires Five Finance Industry Veterans, Further Driving Firm’s Transformation of Asset Management
Business Fintech News

Pagaya Closes $200 Million Consumer Credit ABS

Fintech News Desk
by Fintech News Desk0393
Firm Reaches $1.5 Billion Assets Under Management, Expands PAID Shelf Pagaya, a global financial technology company using artificial intelligence (AI) to reshape asset management, announced the closing of a consumer credit asset-backed security (ABS) at $200 million led by structuring agent Cantor Fitzgerald. This is Pagaya’s sixth securitization in the......
Empower Signs Definitive Agreement to Acquire Petal, and Completes Acquisition of Cashalo, to Accelerate Access to Fair Credit for Underserved Consumers
Lending News

Empower Signs Definitive Agreement to Acquire Petal, and Completes Acquisition of Cashalo, to Accelerate Access to Fair Credit for Underserved Consumers

PR Newswire
by PR Newswire0182
Empower enters the U.S. credit card category and the Southeast Asian credit market, poised to revolutionize lending with a smarter, more inclusive approach to underwriting and product innovation. Empower Finance, Inc. has entered into a definitive agreement to acquire Petal, a consumer credit card and financial technology company headquartered in New York,......
Amidst a Depletion in Consumer Savings and an Increased Reliance on Credit, Credit Sesame Reimagines Credit Simplicity
Artificial Intelligence News

Amidst a Depletion in Consumer Savings and an Increased Reliance on Credit, Credit Sesame Reimagines Credit Simplicity

PR Newswire
by PR Newswire0246
With its new creative campaign, “Your Credit, Made Simple,” Credit Sesame unveils fresh ads and tools that empower a new era in credit management. Credit Sesame, a leading financial wellness app, unveils a new creative campaign that spotlights its award-nominated AI-powered platform, Sesame Ring. The promotional assets illustrate how Credit Sesame is......
Credit Card Issuers Must Confront Consumers’ Mounting Debt, J.D. Power Finds
Fintech News

Credit Card Issuers Must Confront Consumers’ Mounting Debt, J.D. Power Finds

Business Wire
by Business Wire0272
Total U.S. credit card debt increased $45 billion between April and June of this year and has now topped the $1 trillion mark, according to the New York Federal Reserve. For the nation’s credit card issuers that inauspicious milestone, combined with several other consumer behavioral trends, should be cause for......
Pathward Partners With Propel to Launch New Line of Credit for Consumers Overlooked by Traditional Banks
Lending News

Pathward Partners With Propel to Launch New Line of Credit for Consumers Overlooked by Traditional Banks

Business Wire
by Business Wire0318
Lending as a Service partner and fintech, Propel, will service new Pathward consumer loans Pathward, N.A., a national bank driven by its purpose to power financial inclusion, is adding a new line of credit to open access for credit challenged consumers. While credit options are abundant for some consumers, others......
Increased Demand for Credit Continues and Delinquency Rates Rise as Some Consumers Struggle with Affordability
Mortgage News

Increased Demand for Credit Continues and Delinquency Rates Rise as Some Consumers Struggle with Affordability

GlobeNewswire
by GlobeNewswire0290
Equifax Canada Market Pulse — Consumer Quarterly Credit Trends Report Credit demand remained high in the first quarter of this year while the mortgage market experienced a notable slowdown, according to Equifax Canada’s most recent Market Pulse consumer credit trends and insights report. Despite the slow mortgage market, the total consumer......
Federal Reserve Consumer Payment Survey Shows Continuation of Pandemic Trends, Including Rising Credit Card Usage and Enduring Demand to Hold Cash
Digital Payments News

Federal Reserve Consumer Payment Survey Shows Continuation of Pandemic Trends, Including Rising Credit Card Usage and Enduring Demand to Hold Cash

Business Wire
by Business Wire0280
The Federal Reserve System’s FedCash Services (FCS) released a report from its ongoing research into the payment habits of the U.S. population. The 2023 findings from Diary of Consumer Payment Choice finds that consumer payment behavior remains consistent with the early pandemic, including a shift toward credit card payments and a......
Point Hope’s New Distressed Credit Fund To Acquire Asian Consumer Non-Performing Loans
Fintech Lending News

Point Hope’s New Distressed Credit Fund To Acquire Asian Consumer Non-Performing Loans

Business Wire
by Business Wire0266
Point Hope Pte Ltd, a Singapore-based fund manager, has partnered with Longan Group Pte Ltd, the leading investor and debt servicer in Southeast Asia, to launch a funding platform that will acquire, service and restructure consumer NPL portfolios in emerging markets across Asia. The Singapore-domiciled fund, called Annexe Fund VCC......
Consumer Survey Reveals Key Relationship between Financial Confidence and Credit Scores
Finance News

Consumer Survey Reveals Key Relationship between Financial Confidence and Credit Scores

Fintech News Desk
by Fintech News Desk0287
A new survey from FICO uncovered that U.S. Consumers’ feelings about their credit scores are strongly linked to their financial well-being Highlights U.S. consumers feel the toll of the current economic landscape: One-third report that they feel financially insecure and 43% say that the unstable economy is a barrier to......
Highline and Argyle Partner to Increase Consumer Access to Credit, Reduce Risk for Lenders Through Payroll-Linked Lending
Digital Payments News

Highline and Argyle Partner to Increase Consumer Access to Credit, Reduce Risk for Lenders Through Payroll-Linked Lending

Fintech News Desk
by Fintech News Desk0441
To meet the needs of U.S. consumers who are normally shut out of affordable credit products, payments fintech Highline Technologies and employment data platform Argyle have partnered to bring payroll-linked lending and billpay capabilities to lenders nationwide. Latest Fintech News: Stackin’ Partners with MX to Scale Financial Wellness With payroll-linked lending, consumer loans are automatically......
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