Consumers Pay Down $56.5 Billion Credit Card Debt in First Quarter
Consumers paid down $56.5 billion in credit card debt in the first quarter of 2021, a 51% larger pay down ...
Tag: Credit cards
Report: Credit Card Purchase Volume Rises in Fourth Quarter of 2020
Credit card monthly purchase volumes increased in the fourth quarter of 2020, rising 7% for super prime accounts, 8.6% for ...
Banks See Rising Demand for Jumbo Mortgages as Broader Credit Market Stabilizes
Rising home prices in many U.S. markets appear to have pushed up demand for—and banks’ offering of—jumbo mortgage loans, according ...
Bank Marketing Podcast: Rewards Programs Can Have Big Impact On Your Brand
They can be great for building loyalty and creating deep ties with your customers … if done properly, and certain ...
ABA Files Amicus Brief in Support of Visa Merchant Data Breach Compensation Program
The American Bankers Association yesterday filed an amicus brief in the Texas state court case of Visa v. Sally Beauty ...
Consumers Pay Down Record Amount of Credit Card Debt in 2020
Consumers paid down $82.9 billion in credit card debt in 2020, the largest paydown on record, according to a new ...
Report: Credit Card Purchase Volume Rebounds in Third Quarter of 2020
Credit card monthly purchase volumes rebounded strongly in the third quarter of 2020, jumping more than 20% from the prior ...
Fed Survey Shows Further Stabilization in Q4 Credit Practices, Demand
Loan demand and standards for lending continued to stabilize in the fourth quarter of 2020 after the economic freefall caused ...
Closed-End Delinquencies Drop in Q2, Q3 2020
Consumer credit delinquencies declined in eight out of 11 closed-end loan categories in the second and third quarters of 2020 ...
N.Y. Fed: Credit Application, Acceptance Rates Fall During Pandemic
The COVID-19 pandemic had a significant effect on credit markets throughout 2020, with credit application and acceptance rates falling after ...
