loans

Citi: Spending Decelerates as Consumers Grow More Cautious

Citi: Spending Decelerates as Consumers Grow More Cautious
Citi: Spending Decelerates as Consumers Grow More Cautious
October 13, 2023  |  Earnings

Consumer spending is still growing but slowing, especially among those with lower FICO scores, Citi reported Friday (Oct. 13). Get the Full Story Complete the...

READ MORE >
Wells Fargo Expects Continued Slowing of the Economy 
Wells Fargo Expects Continued Slowing of the Economy 
October 13, 2023  |  Earnings

Wells Fargo saw net charge-offs increase, loan demand decrease and average deposits decline during the third quarter.  Get the Full Story Complete the form to unlock...

READ MORE >
Subprime Consumers Are ‘Credit Marginalized’ as Spending Lifelines Dry Up
Subprime Consumers Are ‘Credit Marginalized’ as Spending Lifelines Dry Up
October 11, 2023  |  Consumer Finance

Through the next few months, the purses and wallets will open in anticipation of holiday spending. Get the Full Story Complete the form to unlock...

READ MORE >
Citi Chair: New Capital Requirements Will Hurt Lending
Citi Chair: New Capital Requirements Will Hurt Lending
October 11, 2023  |  Bank Regulation

Citigroup’s chairman is the latest banking executive to warn against the U.S. plan for new capital requirements. Get the Full Story Complete the form to unlock...

READ MORE >
‘Candid Conversations’ and Credit Building Help Consumers Survive the Paycheck-to-Paycheck Economy
‘Candid Conversations’ and Credit Building Help Consumers Survive the Paycheck-to-Paycheck Economy
October 11, 2023  |  Financial Inclusion

The U.S. consumer is barely making ends meet and is one emergency expense away from financial dire straits. Get the Full Story Complete the form...

READ MORE >
Research Links Quick Access to Digital Loans to Higher Default Rates
Research Links Quick Access to Digital Loans to Higher Default Rates
October 10, 2023  |  Loans

Technology broadened the lending landscape, making it easier for previously underserved populations to receive money with a speediness that would be otherwise unimaginable were it...

READ MORE >
26% of Consumers Say Interest Rates Influence Credit Product Choices
26% of Consumers Say Interest Rates Influence Credit Product Choices
October 09, 2023  |  Consumer Insights

Consumers are increasingly focused on finding the best deal — a preference driven by loss aversion and a desire to maximize the benefits of their...

READ MORE >
High Interest Rates Drive New Records in Auto Loan Payments
High Interest Rates Drive New Records in Auto Loan Payments
October 06, 2023  |  Loans

The surge in interest rates has resulted in record-high loan payments for consumers who have borrowed money to purchase new cars. Get the Full Story...

READ MORE >
More Than Half of Main Street SMBs Have ‘No Access’ to Credit
More Than Half of Main Street SMBs Have ‘No Access’ to Credit
October 06, 2023  |  SMBs

Small- to medium-sized businesses (SMBs) on Main Street are finding a dearth of options when it comes to getting the money they need to stay...

READ MORE >