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 …

Americans Are On the Cusp of Another Borrowing Binge

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 June 23, 2021 Investors are concerned the U.S. is headed for a repeat of the lackluster economic expansion of the prior decade — that once the country gets past reopening …

Ask an Expert: How Do I Pay the Right Debt Collector?

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 Bruce McClary | Friday April 16th, 2021 The NFCC often receives readers questions asking us what they should do in their money situation. We pick some to share that others could be …

How to Find Credit Counseling You Can Trust

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. The pandemic has forced many people to seek help for getting out of debt by Kimberly Lankford, AARP, March 30, 2021 If you’re lost in a mire of debt, a credit counselor can help. …

Ask an Expert: Should I Pay Off My Collections to Get Mortgage Ready?

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 Bruce McClary | Thursday April 22nd, 2021 The NFCC often receives readers questions asking us what they should do in their money situation. We pick some to share that others could be …