Consumers are spending, and credit card debt is rising
Late last week, it seemed like every news source was reporting that, despite record inflation, consumers were spending as if there was no tomorrow. Case …
Category: Consumer financing
Versatile Credit data shows increase in demand for promotional financing
The numbers also show higher-income consumers are using more credit in order to hold onto cash MECHANICSBURG, Penn. — Data from credit aggregation and customer …
CFPB seeks public comment on rule to limit credit card late fees
Agency says revenues collected from these charges are estimated as much as five times greater than collection costs for late-payment violations WASHINGTON — The Consumer …
ChargeAfter survey shows many retailers not meeting consumer demand for financing
NEW YORK — A survey by point-of-sale financing platform ChargeAfter shows that only 12% of retailers achieve finance approval rates of 80% or higher and …
Citi Retail Services, Overstock launch co-branded Overstock Mastercard
SALT LAKE CITY — Online furnishings retailer Overstock and Citi Retail Services have launched a co-branded Overstock Mastercard. The companies said that the card has …
Synchrony, RTG renew financing partnership
SEFFNER, Fla. and STAMFORD, Conn., January 25, 2023 – Synchrony (NYSE: SYF), a premier consumer financial services company, and Rooms To Go, the nation’s largest independent furniture retailer, today announced …
Think strategically about financing programs in an uncertain economy
There’s no question that continued inflation, rising interest rates and economic uncertainty is weighing heavily on retailers’ minds. At TD, we confirmed as much during …
CIN Regional Report No. 5 – The West Coast
HIGH POINT — Recently we published our last — but certainly not least — installment in our Consumer Insights Now regional reports. As seen in …
TD Bank announces multi-year financing partnership with RH
WILMINGTON, D.E., October 6, 2022 – TD Bank’s Retail Card Services business announced today a multi-year financing partnership with RH, the leading luxury lifestyle brand and …
Inflation creates uncertainty among consumers in the market for furniture
Consumer Insights Now research surveys shoppers about how higher prices may affect buying decisions HIGH POINT — One of the factors affecting furniture purchases in …
