American banks reported nearly $19 billion in loan losses during the second quarter. As the Financial Times reported Wednesday (Aug. 9), the $18.9 loan-loss rate...
Amid reports of struggling sales among other retailers, T.J. Maxx has benefited from the growing interest and support of Gen Z and millennial shoppers. “We...
America’s biggest banks are downplaying a massive spike in write-offs of bad consumer loans. As Bloomberg News reported Tuesday (April 18), the four largest banks...
Inflation’s torrid pace is cooling a bit. But not enough to give paycheck-to-paycheck consumers relief from the everyday pressures of keeping a roof over their...
PYMNTS research shows that many consumers’ savings are barely enough to cover their debts. That’s according to findings in the February 2023 edition of the...
Rising prices continue to affect consumers’ purchasing power, making it more difficult for those in all income levels to live within their means, put aside...
For less than prime borrowers, personal loans are harder to come by. Recent earnings results from platform lenders show that demand for personals loans is...
We may be seeing a tipping point for debt — where gains in personal loan borrowing come at the expense of pricier credit card debt....
In navigating the credit cycle, in getting ready for what comes next, prudence is the best policy. Not just for the lenders — for the...