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.
In December, consumer credit increased at a seasonally adjusted annual rate of 2.8%. In 2020,…
The nation’s top bank economists observed that the outlook for credit quality and availability rebounded for both consumers and businesses after bottoming out last summer, according to the American Bankers Association’s new Credit Conditions Outlook released today.
Consumer credit delinquencies declined in eight out of 11 closed-end loan categories in the second and third quarters of 2020 amid significant fiscal support and sound financial management from consumers, according to ABA’s Consumer Credit Delinquency Bulletin released today.
In November, consumer credit increased at a seasonally adjusted annual rate of 4.4 percent. Revolving…
The COVID-19 pandemic had a significant effect on credit markets throughout 2020, with credit application and acceptance rates falling after February, according to the Federal Reserve Bank of New York’s latest Credit Access Survey released today.
Consumers paid down $119 billion in credit card debt in the first three quarter of 2020, the largest pay down on record, according to a new report from WalletHub released today.
In October, consumer credit increased at a seasonally adjusted annual rate of 2.1%. Revolving credit…
Consumer credit decreased at a seasonally adjusted annual rate of 2.25% in the third quarter…
The credit card market is functioning well, and consumers feel their bank is there for them during the COVID-19 pandemic, ABA said in a letter to the CFPB today.