Credit Cards

August 16, 2019

Consumer Debt/Economic Concern Raises Mortgage Default Risk

Mortgage default risk rose in the U.S. in Q1 2019 as a result of increased economic risk and borrower risk, according to the recently launched Milliman […]
August 1, 2019

FICO Scores Jump to 3-Year High

The average credit score of borrowers who got all types of mortgages in June rose to 731, an almost three-year high, as a strong labor market […]
July 12, 2019

33% of Americans Have Cut Their Spending

When it comes to money, do most people prefer to spend, save, donate or invest?  The answer may come as a surprise. Contrary to what you […]
July 9, 2019

By the Numbers: Independence Day 2019

Another holiday… another budget buster!  Patriotism ran high this July 4th, as most Americans celebrated the 243rd anniversary of the adoption of the U.S. Declaration of Independence. Independence […]
June 19, 2019

Bank Card Issuers Prepare for Next Downturn

Recent comments by two large credit card issuers suggested that the card industry has moved into a new stage of preparation for the eventual end of […]
June 18, 2019

Business Owners Lack Confidence About Their Financial Future

A new survey of more than 1,000 high net worth business owners finds 95% of respondents are very or somewhat confident their financial plans will sustain […]
June 10, 2019

Credit Card Delinquencies Rise Among Young Adults

Credit-card delinquency rates are rising, particularly among young people who are now more likely to have a credit card than a decade ago. Millennial and Gen […]
June 6, 2019

Household Debt Hits $13.67 Trillion

Total U.S. household debt rose 0.9% from the prior quarter to $13.67 trillion in the first three months of 2019, about in line with the pace […]
May 7, 2019

Banks Hold On to Riskier Credit Card Loans

The credit card loans that banks bundle into bonds and sell to investors are outperforming the loans that lenders have held onto, according to a recent […]