February 19, 2021
February 19, 2021
Last year was a banner one for debt, but it didn’t look that way for big banks. Large lenders saw their loan books shrink in 2020 […]
June 8, 2020
June 8, 2020
Consumer confidence has collapsed amid the coronavirus pandemic and isn’t getting a lift from states re-opening their economies, according to a new report. A Morning Consult […]
May 19, 2020
Spending on JPMorgan Chase & Co. credit cards plunged 40% for the average U.S. family at the start of the coronavirus slowdown, an “enormous” drop that […]
April 9, 2020
April 9, 2020
More than a quarter of the U.S. economy has ground to a halt in recent weeks as the coronavirus pandemic shutters nonessential businesses and generates millions of […]
April 6, 2020
April 6, 2020
Visa once again lowered its outlook for revenue growth in the fiscal second quarter, saying the coronavirus pandemic has led to a sharp decline in cardholders’ […]
March 11, 2020
March 11, 2020
It’s hard to believe that less than three weeks ago the S&P 500 closed at an all-time high. This was largely due to the enduring strength […]
February 27, 2020
February 27, 2020
Consumer credit delinquencies were mixed in the third quarter of 2019, with delinquencies rising for the composite index of closed-end loans, according to the American Bankers […]
February 24, 2020
Auto loan origination volume continues to increase despite affordability concerns overshadowing the industry, according to TransUnion’s Q4 2019 Industry Insights Report. In fact, auto originations grew […]
February 17, 2020
February 17, 2020
Credit-card debt rose to a record in the final quarter of 2019 as Americans spent aggressively amid a strong economy and job market, and the proportion […]