Tag: Consumer Credit

June 11, 2021

The chief economists of North America’s largest banks expect a sustained rebound in both consumer and business credit market conditions over the next six months, according to the American Bankers Association’s latest Credit Conditions Index released today. The latest summary […]

May 13, 2021

The consumer credit recovery continued in the fourth quarter of 2020, building off trends established last fall, according to the American Bankers Association’s latest quarterly Credit Card Market Monitor. Monthly purchase volumes improved across risk groups for the second consecutive […]

May 6, 2021

The Federal Reserve has shown twice this week that it is open to applying its regulatory framework beyond the tidy little box where banks reside. First, in comments to a fair-lending advocacy group Monday, Fed Chair Jerome Powell said the […]

November 18, 2020

Alphabet’s Google (GOOGL) – Get Report said it expanded its Google Pay app to enable users to open back accounts, pay friends and manage budgets. The updated application debuted Wednesday. Alphabet partnered with Citi (C) – Get Report and Stanford […]

February 27, 2017

The consumer credit market performed well in Q4 2016, according to TransUnion’s latest quarterly Industry Insights. A sampling of the trend: The number of consumers with access to credit products increased by 12 million, and balances rose across all products. […]

December 12, 2016

Moving residences is an inevitable life event. Everyone does it sooner or later, some more than others. The move can be exciting news: relocating for a new job, buying a first home, retiring to a warmer climate. It can be […]

November 18, 2016

Lenders of all stripes are working on increasing auto loans despite rising concerns about credit quality. LendingClub Corp. and BofI Holding Inc. announced plans to enter the space, and some of the nation’s largest banks have made moves to increase […]