consumer credit

Consumer Borrowing Jumps by Record $40.8 Billion

Consumer Borrowing Jumps by Record $40.8 Billion
Consumer Borrowing Jumps by Record $40.8 Billion
February 09, 2025  |  Consumer Finance

U.S. consumer borrowing saw a surprise surge in December, the largest increase on record. Get the Full Story Complete the form to unlock this article...

READ MORE >
How Banks Can Reengage the 53 Million Credit Outsiders
How Banks Can Reengage the 53 Million Credit Outsiders
February 07, 2025  |  Consumer Insights

A significant segment of the U.S. population — approximately 53 million individuals — remains outside the traditional credit card ecosystem. Get the Full Story Complete...

READ MORE >
New Data: Financially Strapped Consumers Move to Credit Card Alternatives
New Data: Financially Strapped Consumers Move to Credit Card Alternatives
February 05, 2025  |  Consumer Finance

Consumers can’t spend money they don’t have, and right now, many are running out of cash. Get the Full Story Complete the form to unlock...

READ MORE >
CFPB Warns Consumers of Rising Number of Credit Reporting Firms
CFPB Warns Consumers of Rising Number of Credit Reporting Firms
January 30, 2025  |  CFPB

The CFPB has published its annual list of companies that collect and sell consumer data. Get the Full Story Complete the form to unlock this...

READ MORE >
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
Capital One’s Card Purchase Volumes Grow 7%, Charge-Off Rate Is 6%      
January 21, 2025  |  Banking

Capital One’s fourth quarter results, released after the market closed on Tuesday (Jan. 21), indicated that consumers continue to spend on their cards, and stripping...

READ MORE >
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
CFPB: Credit Reporting Companies Must Disclose Source of Consumer Data
January 16, 2025  |  Regulation

The Consumer Financial Protection Bureau (CFPB) filed an amicus brief Thursday (Jan. 16), saying it aims to ensure that credit reporting companies are held accountable for “junk...

READ MORE >