Earnings season has just begun, and financial firms have been weighing in on the state of consumer spending and whether consumers are meeting their debt burdens in the midst of stubborn inflation and a rocky macroeconomic environment. Get the Full Story Complete the form to...
In May, the pace of consumer credit, overall, decelerated. And in one positive sign, credit card balances decreased for the first time in since the end of last year, before the holiday shopping deluge. Get the Full Story Complete the form to unlock this article...
With the news Tuesday (July 8) that consumers expect inflation to hold steady over the next 12 months at 3%, the focus turns to the ways consumers will manage the effect of higher prices for goods and services. For a growing slice of the U.S....
Credit card performance improved for the first time in over four years despite credit card interest rates being “historically high” during the first quarter, the Federal Reserve Bank of Philadelphia said Tuesday (July 8). Get the Full Story Complete the form to unlock this article and...
The Consumer Financial Protection Bureau (CFPB) reports that the ranks of the “credit invisibles” in the U.S. have thinned. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
JPMorgan Chase reportedly reorganized its private bank and named a global head of the bank, which is a new role. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Data on personal income, spending and saving released Friday (June 27) from the Bureau of Economic Analysis painted a portrait of a pinched consumer. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Watch more: Concora Credit’s CEO Looks to Expand Non-Prime Credit Access Through Partnerships Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
Citigroup is reportedly preparing for a possible decline in consumer financial health by putting aside more provisions for potential losses on loans. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
