Credit card delinquencies among American consumers reportedly crept up slightly last month. The average delinquency rate, which measures late payments, rose to 2.66% in July from 2.63% in June, Seeking Alpha reported Saturday (Aug. 16). That figure was down from 2.87% in July of last...
U.S. credit card delinquencies and charge-offs are now higher than they were before COVID. That’s according to findings published Saturday (July 26) by Seeking Alpha, which noted that this resurgence for both metrics in June follows a decline in May. According to the report, the...
America’s biggest bank says businesses and consumers are resilient in the face of uncertainty. As such, JPMorgan Chase is projecting that it could earn more from interest payments this year, according to a Reuters report Monday (May 19) from the bank’s annual presentation to investors and analysts. Jeremy Barnum,...
Enova International’s fourth quarter growth — with double-digit gains in loan originations and revenues — showed strength across small business demand and lending to consumers. The FinTech uses machine learning and digital channels to extend its loans, including to subprime and near-prime borrowers. CEO David Fisher...
January 28, 2025
LendingClub’s latest quarterly results, released Tuesday (Jan. 28), indicated growth across several key metrics, including loan originations and deposits through its digital banking arm, and some improving credit metrics. However, in some cases, growth decelerated in the final quarter of the year, and forward-looking guidance helped send shares down 23% after hours on Tuesday. The […]
September 17, 2024
U.S. consumers are taking on more card debt than has been seen in years. And in recent weeks, filings by several big banks show that the general trend of delinquencies...
August 18, 2026
The average credit card delinquency rate ticked up from 2.48% in June to 2.50% in July, Seeking Alpha reported Tuesday (Aug. 18), based on the results of seven banks. The figure remains below the pre-pandemic average of 2.68%, according to the report. During the same period, the banks’ average net charge-off rate declined from 3.42% […]
August 17, 2025
Credit card delinquencies among American consumers reportedly crept up slightly last month. The average delinquency rate, which measures late payments, rose to 2.66% in July from 2.63% in June, Seeking...
July 27, 2025
U.S. credit card delinquencies and charge-offs are now higher than they were before COVID. That’s according to findings published Saturday (July 26) by Seeking Alpha, which noted that this resurgence...
May 19, 2025
America’s biggest bank says businesses and consumers are resilient in the face of uncertainty. As such, JPMorgan Chase is projecting that it could earn more from interest payments this year, according to...