More Than 1 Million New Defaulted Student Loans in 2016

Posted: March 26, 2017 at 9:36 am

At the end of last year, some 42.4 million Americans owed $1.3 trillion in federal direct student loans. The total number of defaulted federal direct loans rose by 1.1 million, ...
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American Household Debt Almost Back at Pre-Recession Levels

Posted: February 16, 2017 at 12:10 pm

The Federal Reserve Bank of New York's Center for Microeconomic Data has released its reading for the level of household debt for the fourth quarter of 2016. As the headline ...
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How Amazon’s New 5% Rewards Card Compares With Costco’s Rewards Card

Posted: January 11, 2017 at 12:45 pm

Giving its customers yet another reason to pay the $99 annual fee for Prime membership, Amazon.com Inc. (NASDAQ: AMZN) and JPMorgan Chase & Co. (NYSE: JPM) announced a new Amazon ...
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Consumer Credit Rose Again in October

Posted: December 7, 2016 at 3:32 pm

Consumer Credit might not be a market moving event, but it is an important issue to find out what consumers are financing, how they are financing it, and how much ...
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Why American Express Shares May Fall Even Further

Posted: October 6, 2016 at 2:00 pm

American Express Co. (NYSE: AXP) may still have Warren Buffett as a massive and long-term shareholder, but the news flow just has not been favorable for the credit card issuer. ...
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Credit Managers Showed Recovery in September

Posted: September 30, 2016 at 10:20 am

Most economists and investors might be tempted to overlook the national Credit Managers Index (CMI) released by the National Association of Credit Management each month. The reading never moves the ...
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Student Loan Default Rate Continues to Decline

Posted: September 28, 2016 at 2:04 pm

It is no secret that the student loan burden has reached a serious level in America. In fact, student loans for college and graduate degrees are muting the ability for ...
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US Consumer Borrowing Rose $18 Billion in July

Posted: September 8, 2016 at 3:20 pm

The Federal Reserve on Thursday released its preliminary report on consumer credit for the month of July 2016. On a seasonally adjusted basis, consumer credit rose 5.8% in the month, ...
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Credit Managers Index Shows Slowing Growth in April

Posted: May 31, 2016 at 10:35 am

The National Association of Credit Management (NACM) has released its Credit Managers Index (CMI) for the month of May. While the index did decline, it was shown to have remained ...
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Household Debt Trends Improve in Q1 2016, With Bankruptcies Way Down

Posted: May 24, 2016 at 12:10 pm

The Federal Reserve Bank of New York has released its report measuring household debt and credit developments in the first quarter of 2016. Though it is a regional Fed bank issuing ...
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Credit Metrics Tick Higher in March

Posted: March 31, 2016 at 10:15 am

Investors may largely overlook this report, but the National Association of Credit Management’s Credit Managers’ Index (CMI) improved in March. Improvement was shown in most sectors, and the CMI favorable ...
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Americans’ Debt Is Getting Gray Hair

Posted: March 27, 2016 at 9:07 am

By now it's an accepted fact that millennials have so much student loan debt that they can't and don't want to borrow more. Unlike most accepted facts, this appears pretty ...
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Credit Trends Look Mostly Flat in February

Posted: February 29, 2016 at 11:25 am

Credit is what fuels the economy. Without credit, things grind to a halt. There is still the notion that too much credit is bad and risky, but that does not ...
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Subprime Auto Delinquencies Approaching 2009 Levels

Posted: February 25, 2016 at 1:10 pm

Since the financial crisis that ended (for most of us) in 2009, investors and economists alike have been looking for warning signs of the next recession. Maybe it keeps more ...
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Good News Meets Bad News on Credit Card Debt Versus Emergency Savings

Posted: February 23, 2016 at 12:20 pm

Maybe statistics really can show whatever side of an argument someone wants to make. If you heard that there has been zero progress since 2011 in emergency savings versus credit card debt ...
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