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[ad_1] After struggling for the last two years, credit card borrowers appear to be turning the corner. Late payments on credit cards aren’t rising much and...
[ad_1] Four years ago, George Floyd was choked to death by a police officer after trying to use a possibly counterfeit $20 bill at a Minneapolis...
[ad_1] Analyzed from a property rights perspective, the dividends paid by the Federal Home Loan banks to their members are surprisingly stingy, and vary wildly between...
[ad_1] Bank of America’s credit card losses hit their highest levels since before the pandemic in the first quarter, the company reported Tuesday.Angus Mordant/Bloomberg Though Bank...
[ad_1] The Federal Reserve on Wednesday indicated that interest rates could be coming down this year. The KBW Nasdaq Bank Index rose more than 2% for...
[ad_1] Enjoy complimentary access to top ideas and insights — selected by our editors. Goldman Sachs announced it would sell GreenSky last fall as part of...
[ad_1] Gamblers in 28 U.S. states can now make legal sports bets from their mobile phones, which has fed fears that a problem-gambling epidemic is building....
[ad_1] Senate Banking Committee Chairman Sherrod Brown, D-Ohio, was flanked to his left by ranking member Sen. Tim Scott, R-S.C., and to his right by Sen....
[ad_1] Recent “favorable credit outcomes” alongside deposit growth mean Cincinnati-based Fifth Third “can return to growing loans next year,” CEO Tim Spence told analysts. The strong...
[ad_1] U.S. banks can add the revival of student loan payments to the list of obstacles to deposit growth. With more than 40 million Americans scheduled...
[ad_1] Delinquency rates on consumer loans last month hit their highest level since the spring of 2020, a potential sign that inflation and rising interest rates...
[ad_1] Upstart Holdings Inc. has struggled to contend with a tougher lending environment, and the company indicated Tuesday that its challenges are expected to continue. The...
[ad_1] Citizens Financial, Capital One Financial and Synovus Financial are among the banks that have recently announced steps to shrink specific parts of their lending businesses....
[ad_1] Credit card lenders plan to stay in growth mode, saying they detect few causes for alarm in the consumer sector despite lingering recession fears. To...
[ad_1] Total credit rose $7.2 billion, the smallest advance since November 2020, Federal Reserve data showed Monday. Brent Lewin/Bloomberg U.S. consumer borrowing slowed to a more...
[ad_1] “The economy is not doing well, and there’s a flood of shaky issuers that are going out of business” in the auto market, says John...
[ad_1] Total fees and interest on credit cards rose 20% from 2021 to $113.1 billion last year, according to a new report from Financial Health Network.Adobe...
[ad_1] The American Bankers Association’s headline credit index came in more than almost 43 points below the 50-point threshold that marks the line between improving and...
[ad_1] Under a measure signed by Gov. Jared Polis, Colorado will opt out of a 1980 federal law, which had enabled state-chartered banks from elsewhere to...
[ad_1] Piper Sandler found that 62% of the chief financial officers surveyed viewed funding costs as the biggest challenge in 2023. lev dolgachov/Syda Productions – stock.adobe.c...