The rate of credit card delinquencies jumped 52 basis points (BPS) in the first quarter (Q1) of 2018, and will likely continue to increase over the next 12 months as consumers take on more debt. That’s according to an analysis from Moody’s on Friday (May...
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them. And that is not, as University of Pennsylvania Professor Lisa Servon says, a symptom of...
June 27, 2017
Everyone hates consumer lenders — politicians, consumer groups, prayer circles — except the people who use them. They tend to like the products — and favor continued access to them. And that is not, as University of Pennsylvania Professor Lisa Servon says, a symptom of Stockholm Syndrome on behalf of the financially marginal. As it turns out, even people without a lot of money need financial services — and in many ways, non-bank players are just making a better offering.
May 23, 2019
The New York Federal Reserve Bank published research on Thursday (May 23) saying that increased U.S. tariffs on Chinese imports will cost the typical American household $831 a year, according to a report by Reuters. The Trump administration raised existing tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent, which […]
