Top economists from the largest U.S. banks anticipate a sustained rebound in consumer and business credit market conditions over the next six months, according to ABA’s Credit Conditions Outlook released today.
Consumers paid down $56.5 billion in credit card debt in the first quarter of 2021, a 51% larger pay down than the post-Great Recession first quarter average, according to a new report from WalletHub released today.
In April, consumer credit increased at a seasonally adjusted annual rate of 5.3%. Revolving credit…
Credit card monthly purchase volumes increased in the fourth quarter of 2020, rising 7% for super prime accounts, 8.6% for prime accounts and 8% for subprime accounts from the last quarter, according to the American Bankers Association’s latest Credit Card Market Monitor released today.
In February, consumer credit increased at a seasonally adjusted annual rate of 5.1%. Revolving credit…
Consumer credit delinquencies rose in the fourth quarter of 2020, following two consecutive quarters of declines, as the pandemic-induced recession weighed on the economy, according to ABA’s Consumer Credit Delinquency Bulletin released today.
In February, consumer credit increased at a seasonally adjusted annual rate of 7.9%. Revolving credit…
Top economists from the largest U.S. banks anticipate substantial improvement in consumer and business credit market conditions in the next six months, according to American Bankers Association’s Credit Conditions Outlook released today.
Consumers paid down $82.9 billion in credit card debt in 2020, the largest paydown on record, according to a new report from WalletHub released today.
Credit card monthly purchase volumes rebounded strongly in the third quarter of 2020, jumping more than 20% from the prior quarter despite challenges from the pandemic-induced recession, according to ABA’s latest Credit Card Market Monitor released today.