consumer credit

Goldman CEO Touts Apple Card As Consumer Banking Catalyst
Goldman CEO Touts Apple Card As Consumer Banking Catalyst
August 21, 2019  |  Apple

The launch of the Apple Card is allowing Goldman Sachs to become a leader in consumer banking, according to the bank’s CEO David Solomon. In...

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 LendingClub CEO On Interest Rates, Credit … And The Bank Charter Quest 
 LendingClub CEO On Interest Rates, Credit … And The Bank Charter Quest 
August 19, 2019  |  Consumer Finance

Interest rates are volatile, fears of a recession are spiking, central banks are cutting rates. In an interview with Karen Webster, LendingClub CEO Scott Sanborn...

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Citibank Sees Credit Card Charge Offs, Delinquency Rates Spike
Citibank Sees Credit Card Charge Offs, Delinquency Rates Spike
August 15, 2019  |  Consumer Finance

Citigroup reported that its July credit-card delinquency rate increased to 2.91 percent in July, up from 2.56 percent in June. The lender’s three-month average is 1.54 percent,...

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In Banking, The Line Between SMB And Consumer Can Blur
In Banking, The Line Between SMB And Consumer Can Blur
August 14, 2019  |  B2B Payments

In the world of small business financial services, entrepreneurs’ frustrations with banking have been loudly vocalized: firms are often considered too small to be profitable...

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FIs Place High Value On Corporate Credit For Innovation
FIs Place High Value On Corporate Credit For Innovation
May 14, 2019  |  Innovation

FinTech startups like Divvy have gotten attention and funding based on corporate credit innovations. According to the latest Innovation Readiness Playbook, corporate credit plays a pivotal...

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Experian: Bank Card Default Rates Rise 3.48 Pct In Feb
Experian: Bank Card Default Rates Rise 3.48 Pct In Feb
March 20, 2019  |  Consumer Finance

New data has revealed that bank card default rates rose six basis points to 3.48 percent. S&P Dow Jones Indices and Experian just released data...

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Young Adults Have Record Debt Surpassing $1T
Young Adults Have Record Debt Surpassing $1T
February 25, 2019  |  Debt

Americans between the ages of 19 and 29 ended 2018 collectively owing more than $1 trillion in debt, the highest level for young adults since...

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The Making Of A Digital Subprime Marketplace
The Making Of A Digital Subprime Marketplace
February 05, 2019  |  Consumer Finance

No one needs to be told that eCommerce is becoming a more important part of consumers’ daily lives. Any number of stats — from the...

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AltFin’s Bumpy Ride Into An Uncertain 2019
AltFin’s Bumpy Ride Into An Uncertain 2019
December 28, 2018  |  Alternative Finances

“It was the best of times, it was the worst of times…” -Charles Dickens, A Tale of Two Cities Charles Dickens’ famous starter to A...

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