consumer credit

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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Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
Fed Says Total Consumer Credit Outstandings Grew 5.7% in April
June 07, 2023  |  Consumer Finance

Consumer credit grew at a seasonally adjusted rate of 5.7% in April. Revolving credit increased at an annual rate of 13.1% during the month, while...

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Secondary Promotions Can Help Merchants Close, or Save, the Sale for Near Prime Consumers
Secondary Promotions Can Help Merchants Close, or Save, the Sale for Near Prime Consumers
May 17, 2023  |  Consumer Finance

The red lights are flashing. Credit is becoming more expensive, lenders are becoming more restrictive. Yet consumers are still spending. They still want to spend...

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