The overall rejection rate for credit applicants hit its highest level in five years in June. The rejection rate of 21.8% was the highest level...
Cross-border payments are a major railway for facilitating the functioning of the global economy. Yet they face significantly greater challenges including slower speeds, more restricted...
Mortgage originations dropped and debt delinquencies rose during the first quarter. These trends happened as total household debt rose $148 billion, or 0.9%, in the...
Monthly government release reflects what lenders’ recent earnings reports have hinted: millennials are sinking in debt. The Federal Reserve Bank of New York released its...
The American consumer still has some dry powder left when it comes to credit. But the revolving balances we’re carrying — and which increased into...
Consumers’ confidence in income growth took a hit in January. Their median expected growth in household income dropped by 1.3 percentage points — the largest...
Consumers’ inflation perceptions are consistently higher than government figures. The Federal Reserve Bank of New York’s closely watched Survey of Consumer Expectations for December, released...
Consumer credit demand has been on the decline this year, except when it comes to new applications for credit cards. That’s according to the latest...
New data from the Federal Reserve Bank of New York shows American household debt continuing to climb, with credit card balances jumping at their largest...