LendingClub saw loan originations continue to decline in the quarter ended Sept. 30 as bank investors remain cautious. In response, the firm is promoting new products...
In an era of increasing price levels and eroding purchasing power, having a high credit score is vital for accessing credit and maintaining financial stability....
Individuals and households are paying down at least some of their debt — bringing the “headline” consumer credit number down a bit. But the devil’s...
Autopay is rising among credit card customers, though it could cost them more over time. Consumer use of autopay nearly doubled between 2015 and 2020...
Credit card companies are seeing losses rise at the fastest rate since the Great Recession. That’s according to a widely shared Goldman Sachs research note...
Labor Day has come and gone, and the holiday season is just around the corner. But current economic and financial conditions are forcing consumers to...
American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15)...
Consumer credit grew at a seasonally adjusted annual rate of 4.3% in June. Revolving credit decreased at an annual rate of 0.6% during the month,...
Until recently, consumers were largely paying off cards and other loans. Current headwinds may change that. It is a testament to consumer resiliency that credit...