Gas Prices, Inflation, and Credit Risk: Bracing for Portfolio Deterioration
So far, the first quarter of 2022 looks strong from a credit card risk perspective. Seasonally adjusted credit cards moved ...
Tag: inflation
Credit Card Interest Rates Marching Up?
The prime rate has been sitting at 3.25% since March 2020. The rate is a historic low, illustrated at a ...
Life Inside a Bubble: Where Your Money is Safest During Times of High Inflation
We’re living in a time of record-breaking inflation rates. The most recent available data from the Consumer Price Index (CPI) ...
CC Managers: Use Stress Metrics to Model Credit Losses through 2024
An outgrowth of Dodd-Frank, the Wall Street Reform and Consumer Protection Act, was that financial institutions with more than $250 ...
CFPB and Credit Cards: Proceed with Caution
A post at the CFPB blogsite indicated that the regulator would soon be reviewing the inner workings of the credit ...
Inflation: 7% Rates Will Haunt CC Users and Bring Risk to Credit Quality
Credit cards help consumers get through their everyday needs. No matter where you are on the economic spectrum, you can ...
Betting on Subprimes: Strategic Play or Risky Business?
The WSJ reports on the trend of increased lending to subprime borrowers, and while it sounds like a great deal, ...
Getting a Read on This Year’s Holiday Spending
It has been tough getting a clear understanding of how consumer spending is developing this holiday. On one hand, we ...
Inflation, COVID, and Credit Cards
You’ve heard all the good news about credit cards as 2021 closes out. Revolving debt volumes are up, credit losses ...
Turkeys, Inflation, and the Ability to Repay Credit Cards
Inflation creates risk in the credit card business. The typical U.S. household, with a median income of $68,521, must juggle ...
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