May 6, 2025

payments

Loans

A growing number of Americans using Buy Now Pay Later loans for groceries

(WJAR) — Buy Now Pay Later loans have exploded in popularity. In fact, a new survey by LendingTree finds that 25% of Buy Now Pay Later users now using the installment loans for everyday essentials like groceries. But is that a smart idea? And what does that say about the state of the economy? “To

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Banking

Latin American fintech Prometeo launches ‘borderless banking’

Prometeo, a Latin American fintech, has launched what it calls “borderless banking” for business-to-business payments between the U.S. and Latin American countries.  According to the company, Prometeo has developed middleware that integrates U.S. and Latin American financial infrastructures through a single application programming interface.  Users can access local accounts to receive payments, automate collections, and

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Finance

PERSONAL FINANCE: Changes coming to 401(k)s in 2025 | Business

Congress passed the Secure 2.0 Act in 2022 to expand saving opportunities for individuals who have access to savings vehicles like 401(k)s and workplace savings plans. Several of the bill’s provisions go into effect in 2025 and, if you’re like many workers, your 401(k) or workplace savings plan is likely the foundation of your retirement

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