FICO announced on Monday that it is going to start incorporating buy now, pay later (BNPL) data into credit scores. The news comes as the payment method surges in popularity, with over 91 million Americans expected to use BNPL for purchases this year. Buy now, pay later data incorporated into credit scores The FICO Score 10
Open this photo in gallery: Scotiabank is planning to deploy 90 per cent of its capital – up from 70 per cent in 2023 – to its key businesses in Canada, the U.S. and Mexico over the next few years.Fred Lum/the Globe and Mail Bank of Nova Scotia BNS-T has tapped a senior executive at
President Trump eases tariffs for automakers President Donald Trump signed an executive action to ease auto tariffs. The current 25% tariff leveled on imported cars will remain intact but that other similar tariffs, such as tariffs on steel and aluminum, will not stack on top of the 25% auto tariff, according to senior administration officials.
Driven by strong demand for wealth management and insurance solutions in Asia, OCBC posted record financial results for the third year in a row. The Singapore-based bank reported a net profit of S$7.6 billion (US$5.9 billion) for its 2024 financial year, and total income rose by 7 per cent to S$14.5 billion. Within the year,
Editor’s Note: APRs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. Select will update as changes are made public. Personal loans are the fastest-growing debt category in the last decade. That’s due in part to the rise of fintech and
A Brooklyn couple ready to tie the knot in June are approaching their wedding registry with an unconventional option for friends and family. “Since we’re having a destination wedding, minimizing physical gifts makes things simpler, and not everyone feels drawn to contribute to a honeymoon,” says Eliza Palasz. Palasz and her fiancé, Patrick Rooney, have planned a
Personal loans are a convenient way to borrow to cover a variety of expenses — like a wedding, a funeral, a vacation, a surprise medical bill and more. Lenders typically disburse funds directly to your bank account so you can start using that money as soon as possible, and some of them will even fund
Questrade Financial Group Inc. moved a step closer to obtaining a banking licence in Canada, entering the final phase of a rigorous process to earn approval from the federal banking regulator. The Office of the Superintendent of Financial Institutions, or OSFI, published a notice on Friday that said the government had issued letters patent –
Open this photo in gallery: Mark Carney was sworn in as Canada’s prime minister on March 14, taking charge of a country rattled by a breakdown in U.S. relations since President Donald Trump’s return to power.DAVE CHAN/AFP/Getty Images Mark Carney wants to move fast and build things. There was nothing subtle about the new Prime