'Buy now, pay later' is controversial — here are some alternatives
by J.D. Power Payments on Jun 28, 2022 2:22:00 PM
Apple's (AAPL) entrance into the "buy now, pay later" (BNPL) space earlier this month shook up a burgeoning industry — one that's encountering massive criticism as the specter of regulation persists.
Inflation is Causing Americans to Make Trade-Offs, Both Large and Small
by Jennifer White on Jun 27, 2022 12:53:00 PM
For decades, social commentators have been discussing “The Two Americas.” The divide can be represented by conflicting ideologies, race or religion. As wealth disparity has grown over time, the term has also been used to describe the discrepancies between the lives of those with means …
Americans Start to Feel Squeeze of Inflation
by Jennifer White on Jun 27, 2022 12:47:00 PM
The specter of inflation has loomed over every facet of the economic landscape this year, and virtually all Americans are suffering some level of fatigue from the rising cost of goods and services. But for the first time since February 2020, when J.D. Power began tracking the financia …
Canadians’ satisfaction with their banks and credit cards apps declining, study reveals
by J.D. Power Payments on Jun 16, 2022 11:31:00 AM
A series of studies by J.D. Power among bank and credit card mobile app and online users conducted in Canada revealed that a combination of increased financial stress on the part of consumers and lack of personalization in digital channels have driven year-over-year decreases in custo …
Buy-now-pay-later financing can create ‘dangerous illusion’ that purchases are cheaper than they actually are
by J.D. Power Payments on Jun 8, 2022 11:04:00 AM
Buy-now-pay-later, or BNPL, financing options are becoming increasingly popular among consumers, particularly those under 45, according to J.D. Power’s latest Banking and Payments Intelligence Report. And that could spell trouble for their financial well-being. BY ALICIA ADAMCZYK
The Biggest Mistake Advisors Make Seeking Next-Gen Clients
by Tom Rieman on Jun 8, 2022 10:59:00 AM
Much has been made of the great wealth transfer and the opportunity for advisors to manage some of the estimated $70 trillion that will pass from boomers to the next generation over the next 20 years. There has been extensive dialogue on how the next generations differ and what adviso …
38% of vulnerable consumers have used a personal loan: J.D. Power survey
by J.D. Power Lending on Jun 1, 2022 11:22:00 AM
The data analytics company found that consumers are increasingly turning to personal loans.