consumer credit

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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Unexpected Life Events Throw Many Consumers Into Credit Insecurity
Unexpected Life Events Throw Many Consumers Into Credit Insecurity
May 15, 2023  |  Consumer Finance

Bank charge-off rates indicate possible trouble on the horizon as consumers increasingly miss monthly payments.  It can take just a single life event to turn...

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Hometap Launches Home Equity Dashboard to Power Homeowners’ Financial Decisions
Hometap Launches Home Equity Dashboard to Power Homeowners’ Financial Decisions
May 10, 2023  |  Consumer Finance

Hometap has launched a digital platform designed to help homeowners make more informed financial decisions about their home. The new Home Equity Dashboard allows homeowners...

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Truv Acquires Credegraph to Expand Lending Verification Offerings
Truv Acquires Credegraph to Expand Lending Verification Offerings
May 09, 2023  |  Consumer Finance

Truv has acquired Credegraph to expand its lending verification offerings. The acquisition adds Credegraph’s credit decisioning platform to Truv’s consumer-permissioned data platform, the companies said...

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Banks’ Auto Loan Delinquency Data Hints at Rocky Road Ahead
Banks’ Auto Loan Delinquency Data Hints at Rocky Road Ahead
May 03, 2023  |  Consumer Finance

For U.S. consumers, the juggling act of which bills to pay — and when — is real. To that end, the loan data from bank...

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Consumers May Pull In Spending as Outlook for Credit Access Dims
Consumers May Pull In Spending as Outlook for Credit Access Dims
April 10, 2023  |  Consumer Finance

Credit is harder to come by. And that means a lifeline for consumers — and the businesses reliant upon them — is not as dependable...

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Synchrony Core Purchase Volumes Grow 11% as Charge-Offs Also Increase 
Synchrony Core Purchase Volumes Grow 11% as Charge-Offs Also Increase 
January 23, 2023  |  Earnings

For Synchrony Financial, consumer spending volumes remain robust, receivables increased — and loans past due are on the rise. As the largest provider of private...

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Wells Fargo: Credit Card Revenues up 6% as Consumer Spending Remains Resilient 
Wells Fargo: Credit Card Revenues up 6% as Consumer Spending Remains Resilient 
January 13, 2023  |  Earnings

The $3.7 billion settlement with the Consumer Financial Protection Bureau (CFPB) hit Wells Fargo’s profits. But the bank’s management was sanguine Friday (Jan. 13) on digital...

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