Private credit and buy-now-pay-later firms are teaming up to cut banks out of the consumer finance supply chain.
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But the new don’t require platforms to report how they interact with credit bureaus, keeping many transactions in a black box.
The agreement with US-based merchants is expected to reduce the credit card titans’ take by a combined $30 billion through 2030.
The mega bank intends to buy the fourth-leading credit card network in the US.
The biggest four banks in the US all saw their customers boost spending in 2023, as delinquencies rise in turn.
Facing eye-watering amounts of debt and record-high interest rates, US consumers have started charging less on their credit cards.
A quartet of ETFs faceplanted last year, but they could mount a comeback this year.
Another month, another Consumer Price Index inflation report, the show-stopping data dump of our inflation-weary universe.
The focus will be on mining earth metals including lithium, zinc, copper and nickel, all crucial metals for battery-making.