Fresh Today

Fresh Today

BROOKLYN, N.Y.—While U.S. credit card usage is high—33% of adults own at least one or two credit cards and another 34% own three or more cards—Millennials are causing a slide in credit use.

WASHINGTON—The Senate Banking Committee here heard critiques of the CFPB’s complaint database as well as arguments on the Bureau’s regulation of the financial industry during a hearing on consumer finance regulations.

NASHVILLE—Innovation is being able to “see around the corner,” according to the co-founder of Square, who cautioned that financial institutions will soon see a significant advancement in the payments space that will likely make them “nervous.”