Nearly 1 in 10 Credit Card Dollars End Up in Charge-Offs at Smaller Banks
The great divide between the top 100 credit card and smaller issuers hit a milestone, based on information published by...
Credit Card Lenders: Brace Yourself for Practical Household Budgeting
The stressed economy is on everyone’s mind, and now credit card issuers are preparing for a downward shift in operational...
2023 Ends on a High Note for Credit Cards, but Expect High Risk in 2024
For credit card issuers, 2023 closes with strong portfolio performance. But the question now is whether 2024 will continue this...
Credit Card Balances Up 20%, While the Cost of Thanksgiving Falls by 4.5%
Everyone loves a universal holiday like Thanksgiving. In the United States, it is November 23 this year. Canada was a month...
GM Credit Card: Shifting From Overdrive to Reverse
With a 17% share of vehicle sales in the United States, you’d think consumers would be lining up for the...
Chaos on West Street: Goldman Sachs and Credit Cards
The product announcements had all the panache of a Silicon Valley Launch, with big screens, big promises, and a business...
Bad Credit Card News at the WSJ?
When I read the Wall Street Journal headline “Visa, Mastercard Prepare to Raise Credit-Card Fees,” the first thing that went...
Revolving Interest Tops $1 Trillion: Blame the Economy, Not Your Credit Card Banker
Today’s read comes from the Wall Street Journal, which wonders, “What’s Behind $1 Trillion in Credit Card Balances.” The article's...
Credit Card Issuers Driving for Deposits: A Back End Strategy for Liquidity
The word for the day in banking is “liquidity,” so several top credit card lenders offer savings accounts to increase...
Credit Card Delinquency: Here Comes the Wave
You may have called me Chicken Little when I said in late 2022 that 2023 would be a rugged year...
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