Installment Lending: Too Much of a Good Thing, or Are We Just Shifting Debt?
Installment loans are the hit of 2019, and this Forbes article wonders if growth has been too rapid, citing data...
Hacking the Credit Card Hackers
There is poetic justice when the hacker gets hacked, an issue reported by KrebsOnSecurity. Brian Krebs reported the recent hacking...
The Ups and Downs of Credit Card Interest Rates
Almost all credit cards peg their interest rates to the Prime Rate, plus “X.” That “X” varies by issuer and...
Sallie Mae Moves Beyond Education and Enters the Credit Card Business
The CARD Act of 2009 set explicit restrictions on the card issuance for college students. From my experience with adult...
In Credit Cards, Bigger is Often Better
Here is a good read from Bloomberg discussing two trends Mercator Advisory Group raised throughout the year. Interest rate spreads...
QR Codes for Credit Cards in China: A Victim of Their Success?
Here is an exciting story at Seeking Alpha this morning. Just as QR codes have made it inexpensive and easy...
The Apple Credit Card: Trouble in Paradise?
Apple’s credit card mantra, “created by Apple, not a bank” probably missed the mark on credit fundamentals. Perhaps there should...
Disrupted Household Budgets: More Than Credit Card Debt, Look At Auto Loans
Our household has a simple strategy for autos. My wife always gets the new car, the old one ages to...
Getting Past the Wells Fargo Mess: If Charles Scharf Can’t Do It, No One Can
It is hard fathom the shame Wells Fargo brought to the banking business with rogue accounts and shameful practices but...
Exiting Credit Cards in Australia: Installment Loans Squeeze Out ME Bank
Large banks typically have operating advantages against smaller ones. Large banks can securitize debt and reinvest. Large banks tend to...
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