American consumers are missing monthly car payments at the highest rate since 1994. The share of subprime auto borrowers who were at least 60 days...
There’s a new source of stress facing America’s already-stressed student loan borrowers. For the first time since the pandemic, delinquent payments will be added to...
The banking system is sound, and resilient, according to the Federal Reserve. But the performance of some of the loans on banks’ books — particularly...
Bank earnings continue to show credit remains a key payments choice. U.S. Bancorp’s earnings, released Wednesday (July 17) indicated that within the company’s payment services...
Brazilian FinTech firms are reportedly grappling with a surge in loan defaults, leading to a crisis in the asset-backed credit market. The delinquency rates on...
Online car retailer Carvana is tightening its lending standards in response to higher delinquency rates. The company is requiring higher down payments from customers and...
The pressures of increased debt burdens are put in stark relief with the latest data from the central bank. And the burden is felt keenly...
Rising delinquencies among subprime and near-prime borrowers reveal the strain of living paycheck to paycheck. In a spate of earnings reports these past few weeks,...
Trouble may be brewing in the key auto finance sector in the months ahead amid the economic fallout from the coronavirus, despite a drop in...