Demand for personal loans, direct deposit accounts and “cross-buy” opportunities boosted SoFi Technologies’ results despite macro headwinds. Total deposits at SoFi Bank grew 46% sequentially during the fourth quarter to $7.3 billion. Management said on the conference call that 88% of SoFi Money deposits...
Consumers appear to be paying their bills, with the American Bankers Association finding consumer delinquencies fell last quarter to the lowest point in 15 years or more. According to to a report, the American Bankers Association said the percentage of overdue closed loans came in at...
May 21, 2024
Credit card delinquencies reportedly fell in April amid signs of improved lending activity. That’s according to a report Monday (May 20) from Seeking Alpha, citing data from eight different lenders. Lending came to $497.5 billion in April compared to $496.8 billion in March, but was 9.2% higher year over year. The report includes comments from […]
October 07, 2016
Consumers appear to be paying their bills, with the American Bankers Association finding consumer delinquencies fell last quarter to the lowest point in 15 years or more. According to to a...
