Tag: consumers

September 29, 2022

Marqeta’s report points to consumers acquiring more credit cards. The share of consumers who only have one credit card fell, from 49% in 2021 to 39% this year. Conversely, the portion of respondents with two credit cards increased, from 31% […]

May 16, 2022

The Fed’s cash diary survey is conducted annually to collect data on U.S. consumer shopping and payment behaviors, with supplemental surveys added in the past two years to chart the impact of the COVID-19 pandemic. The report issued this month […]

January 15, 2020

Americans’ credit scores continue to improve. But credit scores don’t tell the whole story of how consumers are faring financially. A new report from Experian EXPN, +1.46% found that the average FICO Score in the U.S. reached an all-time high […]

May 21, 2019

WASHINGTON — America’s job market is booming and the economy is strong, but that combination is not raising prices the way it used to. Biscuit Head, a North Carolina restaurant chain serving up gravy flights and homemade jam, would be […]

August 24, 2017

It is not unreasonable for consumers to assume that they should be able to assess their eligibility for a loan without damaging their future prospects. The majority of lenders perform hard credit checks on customers when applying for a loan, […]

June 9, 2016

With the economy improving and driving up consumer confidence, many people are spending more but shirking basic responsibilities like paying their credit card bills. If things continue at this rate, U.S. households will accumulate $1 trillion in outstanding debt by […]

June 1, 2016

Germany and the United States received the top two scores in the FIS “2016 Performance Against Customer Expectations (PACE) Index,” an in-depth, global research study on consumer expectations of bank performance. The Jacksonville, Fla.-based fintech firm’s PACE index surveyed more […]

February 26, 2016

Many commentators argue that customers’ adoption of technology creates a clear opportunity for new “digital only” challengers to enter the market, with a reduced need for personal interaction with customers through channels such as the branch and contact centres. However, […]

January 20, 2016

Big banks are lending less to homebuyers, or they’re making less on loans — and sometimes, it’s a combination of both. Some are making less on home loans, in part owed to the Fed and its yearslong zero interest rate […]