Credit Cards Credit Limit Underwriting 
Fintech News
SEPTEMBER 4, 2024
Through partnerships with credit bureaus, the app also provides access to users’ credit scores, enabling them to explore opportunities for credit cards, loans, and other financial products. It also includes a marketplace where users can compare credit cards and insurance plans tailored to their needs.
PYMNTS
APRIL 4, 2018
For the 47 percent of Americans with prime credit scores, getting and using a credit card isn’t much of a problem. The problem, Petal co-founder and CEO Jason Gross told Karen Webster, is that it leaves around half of all Americans with only a few options: a credit card with expensive strings or no credit at all.
PYMNTS
NOVEMBER 20, 2018
In the year between Q2 2017 and Q2 2018, sub-prime consumer loan originations grew 28 percent between Q2 2017 and Q2 2018 across the categories of auto loans, mortgage loans and credit cards. The pendulum is starting to swing back, as we see lenders once again extend credit to sub-prime consumers.”.
FICO
JUNE 22, 2016
The Millennial generation came of age during the Great Recession and some studies from Bankrate and others, have shown they are credit averse, and favor debit cards over credit cards. Yes, I’d like a Credit Card. Indeed, FICO’s research shows that just 64% of Millennials 18-24 have credit cards.
PYMNTS
SEPTEMBER 20, 2018
Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. The opportunity is also gigantic, Cheng told Webster, given that the country has some 800 million working adults, with less than half of them in possession of a credit card.
PYMNTS
AUGUST 23, 2019
Credit card startup Brex announced it is teaming with the Magento Technology Partner program, which is part of Adobe , in a press release Thursday (Aug. Benefits of the Brex eCommerce credit card include an open line of credit, 60-day payment terms and interest-free financing.
PYMNTS
AUGUST 4, 2020
The Fed reported that banks tightened standards throughout all residential real estate (RRE) loan categories and in auto loans, credit card loans and other consumer loans in Q2 on net. Over the second quarter, major net shares of banks tightened lending standards on all categories of consumer loans.
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