Chime Ups Rewards to 5% to Win Bigger Deposits, Customers
Chime is using a new rewards structure of cash back up to 5% on some of its secured credit cards to move upmarket and attract higher-quality... read more »
Eric Bank has been covering business and financial topics since 1985, specializing in taking complex subject matters and explaining them in simple terms for consumer audiences. Eric's writing appears on Credible.com, eHow, WiseBread, The Nest, Get.com, Zacks, Chron, and dozens of other outlets. A former software engineer, Eric holds an M.B.A. from New York University and an M.S. in finance from DePaul University.
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Chime is using a new rewards structure of cash back up to 5% on some of its secured credit cards to move upmarket and attract higher-quality... read more »
By: Eric Bank • 4/7/26
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A slight decline in the national average credit score from 715 to 714 was reported, but this slight drop tells a much larger story. Approximately... read more »
By: Eric Bank • 3/27/26
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Around 111 million Americans are currently carrying monthly balances, often at interest rates in excess of 20% — with some paying over 30%,... read more »
By: Eric Bank • 3/24/26
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Five major auto loan providers are being asked to justify how they can charge military personnel higher interest rates than their civilian... read more »
By: Eric Bank • 3/24/26
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Research by the JPMorgan Chase Institute has identified how BNPL is becoming part of household budgeting. The study found that some homeowners... read more »
By: Eric Bank • 3/19/26
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Canadian subprime lender Goeasy’s shares were down as much as 60% after the announcement by the company that it would suspend paying a dividend... read more »
By: Eric Bank • 3/13/26
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According to the latest automotive finance data issued by Experian, subprime borrowers account for one of the largest shares of auto financing in... read more »
By: Eric Bank • 3/10/26
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A new research paper by a group of Federal Reserve Bank of New York economists examined how stablecoin deposits can affect the way credit flows... read more »
By: Eric Bank • 3/5/26