Three companies saw their higher credit card delinquency and charge-off rates rise in February. Bread Financial, Discover Financial and JPMorgan Chase reported in recent press...
Every earnings season tells a tale. So far the storyline is that consumers remain buoyant, are still willing to open their wallets and wield credit...
Bank of America (BofA) said on Wednesday (Oct. 14) that it is seeing a full restoration of customer spending, along with declines in delinquencies on...
When Congress first passed the CARES Act earlier this year to ameliorate COVID-19’s economic havoc, U.S. homeowners with mortgages on their properties were among the...
Five of China’s largest state-owned lenders reported their biggest profit losses in at least a decade, as the number of defaulted loans has skyrocketed since the onset...
Before the deluge – of possible bankruptcies, that is – come the provisions. Earnings season has shed light on the actions banks are taking to...
With one in five workers collecting jobless benefits thanks to the pandemic, banks braced for increased credit card debt and delinquencies as families struggled to...
Capital One reported on Tuesday (July 21) that its credit card business shrank during the second quarter, but that delinquencies fell despite the pandemic. “The...
Credit card delinquency rate reports are trickling in on a bank-by-bank basis and a spate of recent disclosures show mixed results. As noted in filings...