Financially Distressed Consumers More Open to Payment and Banking Innovations

Subprime account holders may be driven toward banking innovations in their quest for financial wellness. It’s difficult enough to tread water as a consumer with subprime credit, whose 600 or below score often means they face higher borrowing costs and fees than consumers with prime or super-prime…#federalreserve #creditprofiles #brianscott

Source: Reuters: Health - September 6, 2023 Category: Consumer Health News Source Type: news