LendUp Shuttering Operations After Reaching Settlement With CFPB

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. Posted on the December 21, 2021 The digital payday lender LendUp is shutting down operations after settling a lawsuit with the Consumer Financial Protection Bureau. It’s a major downfall for the Silicon …

TransUnion Forecasts Originations to Non-Prime Borrowers Will Continue to Rise for Many Credit …

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. TransUnion (GLOBE NEWSWIRE) – Dec 15, 2021 CHICAGO, Dec. 15, 2021 (GLOBE NEWSWIRE) — Continued expansion of lending, including to non-prime consumers, is expected to occur in 2022 with origination levels reaching …

On-Time Rental Payments Helping to Pave the Road to Homeownership

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. Maria Carmelita Recto and Edison Reyes, Communications and Outreach – New York Fed Dec 7 In the United States, buying and owning a home is seen as a critical wealth-building tool, particularly for lower-income …

The return of layaway? A new tech-driven riff is bringing the idea back, in a big way

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. By Art Raymond@DNTechHive  Nov 27, 2021, 9:00pm MST There was a time when shopping at almost any U.S. retailer included the option to choose an item you were after and have it stashed away in …

With Delinquencies Rising, Experts Advise Flexible Repayment Plans for BNPL Users

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. Peter Lucas November 30, 2021 Competitive Strategies, E-Commerce, Issuing/Originating, Mobile Commerce, Point-of-sale, Transaction Processing With defaults on buy now, pay later loans on the rise, BNPL providers need to be cognizant that creating a flexible repayment plan can not only …

The Catch With Buy Now, Pay Later Could Be Your Credit

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. By Jackie Veling Nov 22, 2021 Buy now, pay later, or BNPL, is a payment plan that lets you break up your total purchase at checkout into a series of smaller installments. Though …

Total Household Debt Climbs To Over $15 Trillion In Q3 2021, Driven By New Extensions Of Credit

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information.. TOTAL HOUSEHOLD DEBT CLIMBS TO OVER $15 TRILLION IN Q3 2021, DRIVEN BY NEW EXTENSIONS OF CREDITCredit card balances increase again by $17 billion in the third quarter of 2021November 09, 2021 NEW …

Mortgage rates remain stuck at 3.10%

A year ago at this time, the average 30-year fixed-rate loan was just 2.72% November 24, 2021, 9:56 am By Flávia Furlan Nunes DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. Mortgage rates remained at 3.10% in the week ending Nov. 24, according …

More borrowers are getting forbearance modifications

The total number of loans in forbearance decreased to 2.06% as of Oct. 31, shows MBA November 8, 2021, 4:00 pm By Flávia Furlan Nunes DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. Forbearance predictably declined across the board last week as exits …

U.S. demand for household debt climbed in Q2, New York Fed report shows

DISCLAIMER: As the COVID-19 public health situation evolves, new regulations are being continually issued. This page/story/information may not include the most recent information. By Jonnelle Marte: August 3rd 2021 Aug 3 (Reuters) – U.S. consumers’ demand for new debt grew in the second quarter and credit card use rebounded, reversing the trend of declining card use …