Credit losses are climbing, credit conditions are tightening, and consumer sentiment is on the decline
The new rewards can help offset growing dissatisfaction with credit card rewards
Past “anti-steering” lawsuits have had mixed success, but it could put a dent in the PayPal brand
Whether a virtual assistant gets a human name or a less personal descriptive label, it’s still promoting the financial institution’s image and branding.
The move can bring in more volume on PayPal’s cards and enhance consumer loyalty
The tracking feature brings added utility to the card and can improve the overall UX
The card will be released early next year to capitalize on growing T&E spending, which is helping prop up overall credit card spend
Helping Gen Z save for retirement—and navigate competing financial priorities such as student loans—gives banks an opportunity to form long-term relationships with young investors.
Supreme Court to decide the fate of the CFPB: Today’s oral arguments represent a turning point for the controversial agency. The question is whether the court’s ruling will strengthen, reform, or abolish it entirely.
The offerings integrate Experian’s tool that uses bill payments to build a credit file
The company hopes giving limited access to exclusive perks and deals will convert new users
On today's podcast episode, we discuss the significance of the Amazon-Anthropic deal and what's possible now that ChatGPT can talk to you and see things. "In Other News," we talk about whether Bard AI integrations can help Google catch up to the competition and why one company is producing 10,000 humanoid robots. Tune in to the discussion with our analysts Jacob Bourne and Gadjo Sevilla.
On today’s podcast episode, we discuss how banks are adjusting their ad spending in a world with high rates, economic turmoil, and a shift to digital advertising. • In our “Headlines” segment, we dig deep on a recently published Insider Intelligence report covering our forecasts for ad spending by US banks and credit unions. • In “Story by Numbers,” we discuss how fewer mortgages are affecting banks' net interest income and what that means for their marketing budgets. We also examine Ally Bank’s increased ad spending. • In “For Argument’s Sake,” we talk about how large banks are doubling down on digital ad spending while smaller institutions are cutting their spending, which could lead to the eventual demise of smaller traditional banks. Tune in to the discussion with host Rob Rubin and our director of forecasting Oscar Orozco.
While these consumers are getting access to needed credit, providers must consider the risks of overextension
New regulations let other FIs become e-Transfer participants, which may shake up the digital payments landscape in Canada
The new digital remittance and business payment services can help unbanked consumers and businesses access digital payments, improving financial inclusion
FIs must prioritize inclusion of the booming Latino community, which faces barriers in traditional banking—but shows high fintech engagement.