Por: Fox Business Business July 13, 2023
FOX Business’ Grady Trimble reports on House Republicans bill to remove President Biden’s mortgage rule and its support along party lines. Many Americans who saw their credit scores go up during the pandemic are delinquent on the loans and lines of credit they took out, spelling possible trouble for the economy. Current on loans opened in mid-2021 more closely resemble borrowers with credit scores 25 points lower on credit cards and personal... + full article
MarketWatch USA Business August 01, 2023
“So resuming student loan payments in October will subtract roughly $9 billion from consumer spending every month, or roughly $100 billion a year,” Torsten Sløk, chief economist and partner at Apollo Global Management, said in a Monday. This, he added, “will mainly have... + más
'Frustration' fuels Broncos' sideline blowup in loss | ESPN
'Frustration' fuels Denver Broncos' sideline blowup in loss | ABC News
CNBC USA Business March 09, 2023
watch nowVIDEO3:2503:25As the Fed increases tightening, credit card rates jump to record highsMore consumers are leaning on to afford increasingly expensive necessities .That helped propel total credit card debt to a record $930.6 billion at the end of 2022, an 18.5% spike from... + más
Associated Press USA Business January 28, 2023
NEW YORK (AP) — American Express saw its fourth-quarter profits fall by 9%, as the credit card giant had to set aside significantly more money to cover potentially bad loans. The company saw charge offs and delinquencies rise, a troubling sign for a company whose customer base... + más
AmEx profits up 3%, but still sets cash aside for downturn | ABC News
Here's the real reason why American Express gives out such big rewards | CNBC
Fox Business USA Business December 15, 2022
IWF Center for Economic Opportunity director Patrice Onwuka discusses the stunning drop of $13.5 trillion in household wealth this year on Fox Business Tonight. Consumer credit reporting agency TransUnion anticipates delinquency rates for credit cards and personal loans will... + más
Auto loan delinquencies rise as loan-accommodation programs end | CNBC
Credit card balances hit record high amid inflation: TransUnion | Fox Business
Forbes USA Business December 09, 2022
Credit Card Delinquencies, Charge-Offs Rise on Path to Normalization Credit card delinquencies and charge-offs rose for all six major U.S. card issuers in October. Bank executives said such a trend is expected as credit normalizes after stimulus aids wane and people come out of... + más
Leaked memo: Here's how Walmart is enticing its 1.6 million employees to sign up for its newly acquired online bank | Business Insider
CNBC USA Business November 08, 2022
In this articlewatch nowVIDEO2:4802:48Few show concerns about auto loan delinquencies amid strong job marketWith inflation cutting into the budgets of Americans, a growing percentage of people with auto loans are struggling to make their monthly payments.TransUnion, which tracks... + más
Should You Consolidate To Get Student Loan Forgiveness? It’s Complicated | Forbes
Excess Consumer Savings Spells More Trouble for the Fed | MarketWatch
MarketWatch USA Business October 07, 2022
Consumers were thought to have built up about $2.4 billion of excess savings during the Covid pandemic. This supposed stockpile underpinned the argument that the economy could avoid a recession, even as the Fed raises interest rates at the fastest pace in decades. While many... + más
Inflation is forcing people to use up their savings in a bad sign for the economy | MarketWatch
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