1+ week, 5+ day ago   (501+ words) UK consumer credit increased by £2.006 billion in July, surpassing economists’ expectations of £1.8 billion, according to the latest Bank of England data. The figure indicates that households continued to borrow at a robust pace, even as interest rates remain elevated. Economists…...

1+ week, 6+ day ago   (317+ words) Coinbase CEO Brian Armstrong has suggested that blockchain-based reputation systems could eventually replace traditional credit scoring, according to a report from BeInCrypto. In a recent statement, Armstrong outlined how financial institutions might assess a user’s creditworthiness by analyzing on-chain data,…...

2+ week, 5+ day ago   (377+ words) BlackRock CEO Larry Fink warned savers that keeping money sitting in a bank account could be “one of the worst financial decisions of a lifetime.” At the Milken Institute Global Conference in May, Fink argued that Americans need exposure to…...