When it comes to credit card debt, American consumers aren’t the only ones who are suffering. New results show that the big four U.S. retail banks dealt with an almost 20 percent increase in credit card losses last year. “People are using their cards to...
The Federal Reserve’s most recent annual stress test — the Comprehensive Capital Analysis and Review — revealed that credit cards rank at the top of the risk list for banks’ potential losses. According to a Wall Street Journal report, the Fed’s hypothetical recession calculation has banks projecting...
January 22, 2018
When it comes to credit card debt, American consumers aren’t the only ones who are suffering. New results show that the big four U.S. retail banks dealt with an almost 20 percent increase in credit card losses last year. “People are using their cards to get from paycheck to paycheck,” said Charles Peabody, managing director […]
June 26, 2017
The Federal Reserve’s most recent annual stress test — the Comprehensive Capital Analysis and Review — revealed that credit cards rank at the top of the risk list for banks’...
