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 in the details, and the details show that credit card debt continues to mount. To that end, the Federal Reserve’s latest...
The Federal Reserve’s most recent annual stress test — the Comprehensive Capital Analysis and Review — revealed that credit cards rank at the top of the risk list for banks’ potential losses. According to a Wall Street Journal report, the Fed’s hypothetical recession calculation has banks projecting...
June 26, 2017
The Federal Reserve’s most recent annual stress test — the Comprehensive Capital Analysis and Review — revealed that credit cards rank at the top of the risk list for banks’ potential losses. According to a Wall Street Journal report, the Fed’s hypothetical recession calculation has banks projecting $100 billion in credit card losses. The report marks the […]
