Broken Record? Credit Card Metrics Surge Again
We recently mentioned a new record on the average credit card interest rate hitting 19.04%. Now comes another high point: ...
Tag: Revolving Debt
Credit Cards: Where the Money Is (and Is Not)
In a recently published McKinsey report, the firm discusses BNPL lending options, but they include some interesting tidbits about credit ...
BNPL: Will Regulators Be Able to Figure Out Reporting?
Our view of BNPL is mixed. Consumers are ready for something new, as evidenced by the product’s growth. Lenders are ...
Bracing for the Storm: Consumer Debt Is Up, Savings Are Down
While economists vary on when the next recession will come, practical credit policy managers should think it will be sooner ...
Installment Lending: Everything Old is New Again
BNPL is not the only borrowing tool revived from the annals of banking. This time, it is Installment loans. Just ...
Credit Card Late Fees: Much Ado About Nothing, or a Bigger Social Issue?
The CFPB published a report on late fees derived from credit cards. There are few surprises. The short takeaway is ...
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 ...
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 ...
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 ...
Child Tax Credits & Credit Card Debt: A Funky Trend, but Take It as a Win
Since the early days of COVID, the United States Census Bureau amped up its wide range of analytic tools. The ...
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