consumer credit

Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
Report: 75% of Consumers Use Autopay for Bills Like Subscriptions and Streaming
October 08, 2023  |  Consumer Finance

Autopay is rising among credit card customers, though it could cost them more over time. Consumer use of autopay nearly doubled between 2015 and 2020...

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Goldman: Credit Card Losses Climbing at Quickest Rate Since 2008
Goldman: Credit Card Losses Climbing at Quickest Rate Since 2008
September 24, 2023  |  Consumer Finance

Credit card companies are seeing losses rise at the fastest rate since the Great Recession. That’s according to a widely shared Goldman Sachs research note...

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Merchants Turn Fresh Eyes to Second-Look Financing to Boost Sales
Merchants Turn Fresh Eyes to Second-Look Financing to Boost Sales
September 19, 2023  |  Retail

Labor Day has come and gone, and the holiday season is just around the corner. But current economic and financial conditions are forcing consumers to...

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Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
Amex Card Delinquencies Creep Up but Remain Below Pre-COVID Levels
September 17, 2023  |  Consumer Finance

American Express says its credit card delinquency rates remain below pre-pandemic levels. As the company said in a Securities and Exchange Commission (SEC) filing Friday (Sept. 15)...

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Fed Says Consumer Credit Grew 4.3% in June
Fed Says Consumer Credit Grew 4.3% in June
August 07, 2023  |  Consumer Finance

Consumer credit grew at a seasonally adjusted annual rate of 4.3% in June. Revolving credit decreased at an annual rate of 0.6% during the month,...

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Consumers Have Covered Credit Card Bills So Far, but Defaults Loom
Consumers Have Covered Credit Card Bills So Far, but Defaults Loom
July 30, 2023  |  Consumer Finance

Until recently, consumers were largely paying off cards and other loans. Current headwinds may change that. It is a testament to consumer resiliency that credit...

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Rising Use of Amex Cards Shows Credit Appeals to Savvy Younger Consumers
Rising Use of Amex Cards Shows Credit Appeals to Savvy Younger Consumers
July 21, 2023  |  Payment Methods

Younger consumers — Gen Z and millennials among them — boosted American Express’ results, as disclosed on Friday (July 21). But beyond the confines of...

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Fed Data Shows Overall Consumer Credit Slows but Revolving Debt Grows  
Fed Data Shows Overall Consumer Credit Slows but Revolving Debt Grows  
July 10, 2023  |  Consumer Finance

For the U.S. consumer, call it a case of digesting the debt that’s already on the books. To that end, the Federal Reserve said Monday...

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Rising Interest Rates Starting to Erode Purchasing Power
Rising Interest Rates Starting to Erode Purchasing Power
June 18, 2023  |  Economy

The Federal Reserve’s interest rate increases are reportedly starting to erode consumer and business purchasing power. The cumulative increases made by the Fed since March...

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