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News Headlines - Consumer Credit

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Consumer debt is set to reach $4 trillion by the end of 2018
Americans are in a borrowing mood, and their total tab for consumer debt could reach a record $4 trillion by the end of 2018. That's according to LendingTree, ...

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The News Journal

Under-the-radar Wilmington fintech companies burst onto consumer credit scene
The News Journal
While the millions of dollars flowing to Wilmington is positive for what has been a volatile Delaware job market, consumer credit analyst Sanjay Sakhrani said it still is uncertain whether the state's cluster of fintechs will be able to survive a ...

American Banker

Lenders retreat from subprime consumer credit as losses mount
American Banker
U.S. consumers with subpar credit scores are borrowing at a more modest pace in recent months, a sign that lenders are trimming their sails amid mounting losses. Data released by the Federal Reserve Bank of New York on Thursday showed that 30.4% of ...

American Consumer Credit Counseling on Damage Control After Identity Theft
"The number of identity theft victims has continued to rise, especially within the past year," said Steve Trumble, President, and CEO of American Consumer Credit Counseling. "If a consumer find themselves victim of identity theft, it is important they ...

Consumer credit growth in March slowest in six months as credit-card use drops
The numbers: The Federal Reserve said consumer credit in March grew at a seasonally adjusted annual rate of 3.6%, or $11.6 billion, to mark the slowest gain since September. Economists polled by Econoday expected a $15.6 billion increase. February's ...

Wall Street Journal (blog)

The Daily Shot: US Credit Card Delinquencies Expected to Climb
Wall Street Journal (blog)
Let's begin with a couple of updates on consumer credit. • Economists expect the US credit card delinquency rate to climb further (see chart) over the next year. – Based on rising credit card rates: Source: Capital Economics. – Based on consumer search ...

Business Insider

Here's how technology is changing the consumer-credit industry
Business Insider
From the beginnings of General Motors Acceptance Corporation to the introduction of the Diner's Club charge card, the history of credit has been filled with game-changing innovations. Today, new innovations in tech are continuing to shape the consumer ...

ABA Banking Journal (blog)

Consumer Credit Growth Slowed in March | ABA Banking Journal
ABA Banking Journal (blog)
Consumer credit increased at a seasonally adjusted annual rate of 3.6% in March, down from a 4.3% rate in February. Total outstanding credit increased $11.7 ...
U.S. Consumer Borrowing Cools on Slump in Revolving Credit ...Bloomberg
Consumer credit grows less than expected in MarchBond Buyer

all 4 news articles »

CBN News

Card Balances Drop While Consumer Credit Growth Slows
CBN News
A new government report provides both good news and bad news about America's massive consumer debt load. The bad news: America's total consumer debt continues to rise. According to May's G.19 Consumer Credit Report from the Federal Reserve, ...

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