As the economy faces potential challenges, credit card companies are taking proactive measures to prepare for a downturn. These companies, recognizing the possibility of more...
Automotive repossessions reportedly jumped last year to the highest level in 15 years. Around 1.73 million cars were seized by lenders during 2024, Bloomberg News...
Corporate delinquencies are reportedly at the highest rate they’ve reached in eight years. The delinquency rate for loans from U.S. banks to both U.S. and foreign companies...
The holiday splurge has passed — and now comes the holiday hangover? The New York Federal Reserve detailed in its most recent report, “Household Debt...
The general tone of earnings season has been cautiously optimistic, as banks and payment networks have pointed to the willingness of consumers to keep spending....
Securities and Exchange Commission (SEC) filings from several card issuers offer up a mixed portrait of the U.S. consumer in November. Delinquency rates were lumpy,...
Bank earnings continue to show credit remains a key payments choice. U.S. Bancorp’s earnings, released Wednesday (July 17) indicated that within the company’s payment services...
Consumers’ total outstanding credit increased by $14.1 billion in February. Revolving credit accounted for $11.3 billion of the increase, while non-revolving credit made up the...
America’s credit card companies ended December with delinquencies and charge-off rates essentially unchanged from November. And as a Monday (Jan. 29) Seeking Alpha report notes,...