Stories Tagged as
Consumer credit
Buy now, pay later debt grows but is hidden from credit bureaus
May 13, 2024
Adobe Analytics projects that buy now, pay later loans could drive as much as $84 billion in spending in 2024. But the debt shoppers are racking up is basically hidden from credit bureaus, lenders and economists.
Consumer debt is becoming more of a burden
by
Justin Ho
Feb 7, 2023
Consumer debt levels have been rising. While wage gains have helped people pay off debt, those gains have been slowing down.
Consumer credit is up almost 7% since this time last year
Dec 8, 2022
Credit card balances alone were up 15% in the third quarter. Higher prices for necessities and higher interest rates are contributing factors.
Partisan gerrymandering can reduce access to credit, study finds
by
David Brancaccio
and Jarrett Dang
Sep 20, 2022
Lawmakers from politically drawn districts feel less pressure to cater to voters and exert less pressure on lenders, a researcher says.
Consumers are gravitating back to plastic for spending splurges
by
Matt Levin
Jul 8, 2021
The Federal Reserve said total consumer credit rose by 10% in May. And lenders issued roughly 6 million new credit cards in March, according to Equifax.
As consumers get out more, they may also reach for credit cards
Jul 8, 2021
Outstanding credit card balances have been down, but people may start racking up the debt again.
People are finding it easier to borrow right now
by
Justin Ho
Jun 15, 2021
That doesn't necessarily mean they're taking out more loans, but borrowing could pick up in some categories, such as auto loans.
For public good, not for profit.
Consumers are still confident in the economy, if their borrowing is any indication
by
Ben Bradford
Feb 8, 2019
A turbulent stock market, rising interest rates and the government shutdown didn’t do much to curb borrowing. Americans continued putting more money on their credit cards and taking out more loans for school and autos in December. Consumer credit grew 5 percent, up $17 billion, according to the latest monthly report from the Federal Reserve. […]
Why consumer credit is a matter of "social trust"
by
Kai Ryssdal
and Maria Hollenhorst
Jul 25, 2017
The modern credit economy mostly works, author Josh Lauer says.
Consumer credit-scoring system to eliminate error-prone data
Mar 13, 2017
Consumer credit reporting agencies are going to start eliminating some information from credit reports that might reflect negatively on would-be borrowers. Some of that information has been prone to errors in the past, and consumer advocates argued it was unfair to consumers. This is likely to raise credit scores for some who would not be […]