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June 8, 2020

Consumer Confidence is Shattered

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

Credit Card Spending Down 40%

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

Shutdowns Have Wiped Out 29% of U.S. Economy

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

Visa Sees Sharp Decline in Consumer Spending – Even Online

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

Consumer Lenders Fall Victim to Coronavirus Fears

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

Credit Card Delinquencies Fall, Others Edge Up

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 Origination Volume Jumped in 3Q2019

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

Credit Card Debt Rises to $930 Billion

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 […]
February 14, 2020

Valentine’s Day Spending Sets New Record

It seems like the love for Valentine’s Day is growing every year.  National Retail Federations’ Annual 2020 Valentine’s Day Spending Survey, conducted by Proper Insights & […]