Interest Rates

Group of 30: Federal Reserve Should Focus on Inflation Target
Group of 30: Federal Reserve Should Focus on Inflation Target
April 30, 2025  |  Economy

Group of 30, an independent global consultative group, said Wednesday (April 30) that the Federal Reserve should focus on its 2% inflation target, prioritizing that...

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66% of Consumers Consider Interest Rates When Choosing Their Banks
66% of Consumers Consider Interest Rates When Choosing Their Banks
April 25, 2025  |  Banking

How do consumers calculate interest rates as part of their financial planning? A PYMNTS Intelligence study, titled “How Financial Lifestyle Impacts Consumer Perception of High...

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KeyCorp’s Commercial Payments Business Grows Despite Macro Uncertainty
KeyCorp’s Commercial Payments Business Grows Despite Macro Uncertainty
April 17, 2025  |  Banking

KeyCorp’s latest earnings results showed growth in deposits, while management pointed to momentum in payments, including commercial payments, that should prove resilient even in the...

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Galileo Introduces Deposit Sweep Product for FinTechs
Galileo Introduces Deposit Sweep Product for FinTechs
April 08, 2025  |  Digital Banking

Galileo Financial Technologies has introduced a product that automates deposit sweeps for FinTechs, enabling them to offer more competitive returns and peace of mind to...

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Credit Quality Weakens Slightly Among Borrowers Owing Over $100 Million
Credit Quality Weakens Slightly Among Borrowers Owing Over $100 Million
March 10, 2025  |  Debt

The credit risk associated with large, syndicated bank loans remains moderate, although there are some continuing trends in weakened credit quality, three federal bank regulatory...

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Late Car Payments Hit Highest Rate in More Than 30 Years
Late Car Payments Hit Highest Rate in More Than 30 Years
March 06, 2025  |  Loans

American consumers are missing monthly car payments at the highest rate since 1994. The share of subprime auto borrowers who were at least 60 days...

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Interest Rate Caps Threaten Credit Access and FinTech Partnerships
Interest Rate Caps Threaten Credit Access and FinTech Partnerships
March 03, 2025  |  Bank Regulation

There have been pockets of momentum to curb interest rates charged for balances credit cards and for loans extended by FinTechs. But the impact may...

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Homeowners Hold Off on Improvements Amid Tariff Unease
Homeowners Hold Off on Improvements Amid Tariff Unease
March 02, 2025  |  Consumer Insights

High interest rates. Pending tariffs on a wealth of foreign imports. Concerns about mass deportations. Taken together, these factors are all driving a drop in...

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CFPB Drops ‘Savings 360’ Lawsuit Against Capital One
CFPB Drops ‘Savings 360’ Lawsuit Against Capital One
February 27, 2025  |  CFPB

The Consumer Financial Protection Bureau (CFPB) dropped a lawsuit against Capital One on Thursday (Feb. 27). A Capital One spokesperson told PYMNTS in an emailed statement:...

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