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Consumer Reports

November 13, 2023

Consumer Reports Delivers Next-Level Transparency for Fintech Customers

The pandemic accelerated the transformation and adoption of digital finance. Today, more than 80% of consumers use at least one fintech app, with the average…

[Flourish Conversations] Consumer Reports Leads the Way with Fintech Product Ratings

Implications for Startups and Sector Consumer Reports has long empowered consumers with product safety and performance assessment, building transparency and trust. Consumer Reports recently launched a new program to monitor, evaluate and strengthen consumer protections in the digital financial marketplace. In this Flourish Conversation, we speak with Delicia Hand, Director...

[The New York Times] Easy to Use, Mobile Payment Apps Are Also Easy to Misuse

While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person. View the full article on the New York Times The use of mobile payment services has surged — along with worries about...

January 24, 2023

[Consumer Reports] Consumer Reports Finds Peer-to-Peer Payment Apps Offer Ease and Convenience but Pose Potential Financial and Privacy Risks for Users

Originally posted on Consumer Reports CR Identifies Steps That Providers Can Take to Improve Protections and Offers Tips to Consumers for Reducing Risks YONKERS, NY…

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[American Banker] Consumer Reports will give financial apps same scrutiny it gives appliances

Originally posted on American Banker By Mariam Cross Consumer Reports is preparing to test consumer finance apps with the same rigor it applies to its evaluations of washing machines and mattresses. In September, the nonprofit announced that it had received a $1.5 million grant from Flourish Ventures, a venture capital...

[Consumer Reports] The Hidden Costs of Credit Karma, Credit Sesame, and Other Credit Score Apps

Originally posted on Consumer Reports By Lisa L. Gill Most don't produce reliable scores, and all have unnecessary charges and pose privacy risks, Consumer Reports finds Photo Illustration: Lacey Browne/Consumer Reports, Getty Images Janet Ha Andrews, 33, of Redmond, Wash., started using Credit Karma several years ago as a new...