Survey: Consumers worried about continued Fed rate hikes
The cost of existing credit card debt continues to rise as the Federal Reserve has increased interest rates this year—so far, by $4.9 billion, according to a recent WalletHub survey.
Browsing: Consumer credit
Consumers pay down less credit card debt in Q1 2022
Consumers paid down $13.2 billion in credit card debt in the first quarter of 2022,…
Consumer credit increases in April
Consumer credit increased at a seasonally adjusted annual rate of 8.7 percent in the first…
ABA report: Credit card market recovery continued in Q4 2021
In a sign of continuing U.S. consumer strength, monthly credit card purchase volumes rose across risk tiers in last year’s fourth quarter, the third consecutive increase, according to ABA’s latest Credit Card Market Monitor.
ABA report: Credit market expected to weaken on high inflation
Top economists from the largest U.S. banks expect credit market conditions to weaken amid high inflation, according to the American Bankers Association’s Credit Conditions Outlook released today.
Consumer Credit Continues Growth In January
Consumer credit increased at a seasonally adjusted annual rate of 6.9 percent in the fourth…
Consumer Credit Continues Growth In December
Consumer credit increased at a seasonally adjusted annual rate of 6.6% in the fourth quarter…
Report: Credit Card Purchase Volume Increases in Third Quarter
Credit card monthly purchase volumes increased in the third quarter compared to the second quarter of 2021, according to the American Bankers Association’s latest Credit Card Market Monitor released today.
ABA Report: Business, Consumer Credit Markets Expected to Continue Improving
Top economists from the largest U.S. banks expect credit conditions to continue improving for both consumers and businesses over the next six months, according to ABA’s Credit Conditions Outlook released today.
Consumer Credit Increases in November
In November, consumer credit increased at a seasonally adjusted annual rate of 11.0%. Revolving credit…