Credit Cards

June 16, 2016

Mortgage Write-Offs Hit 9-Year Low

According to data from the April 2016 Equifax National Consumer Credit Trends Report, the total balance of write-offs year-to-date in March for first mortgages, home equity lines of credit […]
June 15, 2016

Lenders Surprised by Trended Mortgage Data

When a consumer refinances or pays off her house in preparation for moving, you might expect her to reduce other debts to help get the new […]
June 14, 2016

Card Holders Prefer Low Fees Over Rewards

A recent study into the consumer credit card industry by marketing analytics agency Bug Insights has found that credit card customers are not loyal to their […]
June 10, 2016

The Link Between Education and Homeownership

A new report from First American Financial Corp. has found that the difference in homeownership between those without high school degrees and those with a bachelor’s […]
June 6, 2016

Big Banks Warn of Slipping Credit

The heads of several big banks warned of looming deterioration in their loan books at a recent industry conference.  In the years following the crisis, asset […]
June 2, 2016

Consumer Borrowing Surges at Fastest Pace Since 2001

Household borrowing surged in March at the fastest pace since November 2001 as financing for automobiles picked up and Americans’ outstanding credit-card debt soared.  The $29.7 billion […]
June 1, 2016

Are Banks Having an Identity Crisis?

The question is so simple it seems silly: What is a bank?  A bank pools savings and then allocates that capital. Simple, right? But that’s just […]
May 31, 2016

Getting to Know You: What Banks Should Know About Millennials

Banks have a hard time figuring out millennials, those born between the early 1980s and 2000. Many millennials don’t remember a world without the Internet, plenty […]
May 25, 2016

Businesses Fall Behind on Their Loans

The Board of Governors of the Federal Reserve released its delinquency and charge-off data for all commercial banks in the first quarter – and it’s very sobering data. […]