consumer credit


Why Warren Buffett Wants to Own the Credit Card Space

Owning a piece of the credit card industry has turned out to be a very lucrative business for those investors who have had a long-term eye on the sector. If ...
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credit cards

US Household Debt Nears $12 Trillion

In its fourth quarter 2014 report on household debt and credit, the Federal Reserve Bank of New York said that debt rose by $117 billion in the quarter, and total ...
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initial public offering

How One Analyst Sees LendingClub Valuation Ahead of Its IPO

LendingClub is expected to come public in the week ahead as one of the last initial public offerings of 2015. With IPO proceeds expected to be almost $700 million, this ...
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home prices

Home Equity Credit Lines Up More Than 80% in Three Metro Areas

As home prices have risen over the past few years, so have the number of homeowners who have seen an increase in the equity in their homes. Many of those ...
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Stock Split Image

Citigroup Files for IPO of OneMain Financial

OneMain Financial Holdings Inc. filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO). No terms were given for this offering, but ...
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Credit Managers Saw Trends Collapse in September

The National Association of Credit Management (NACM) has said that its report of the Credit Managers’ Index for September fell to 54.9 from 56.7 in August. The drop is relative ...
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Walmart, Best Buy Reject Apple Pay

The list of banks, retailers and credit card issuers that will support Apple Inc.’s (NASDAQ: AAPL) recently announced Apple Pay mobile payments is long and growing. The company says Apple ...
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Mobile wallet

Long-Term Risks and Opportunities for Banks From Apple Pay

Fitch Ratings is among the many firms opining what the new Apple Pay will mean to the consumer market, and ultimately it has risks and rewards alike for banks and credit ...
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U.S. Credit Card Debt on Track to Rise by $55 Billion in 2014

Americans added more than $28 billion in new credit card debt during the second quarter of 2014, wiping out more than 85% of the first-quarter pay down of $32 billion. ...
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Visa Token

Visa Unveils Its Answer to Secure Online and Mobile Payments

Visa Inc. (NYSE: V) did not wait too long for Apple Inc. (NASDAQ: AAPL) to get its Apple Pay out there before it announced the launch of Visa Token Service. Visa's ...
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Plywood on a cart

Home Depot Confirms Data Breach: What You Need to Know

The Home Depot Inc. (NYSE: HD) has confirmed what the news reports were indicating -- its payment data systems have been breached! The retail giant said the breach could potentially ...
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Credit cards

Consumer Credit Shows Credit Use On the Rise

Consumer borrowing picked up in July. The total outstanding consumer credit, excluding real estate secured loans, increased to $3.238 trillion at a seasonally adjusted annual rate of 9.7% in July ...
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Computer Password

Market Verdict: Home Depot Hack Not as Bad as Target Hack (So Far)

Reports that Home Depot Inc. (NYSE: HD) was investigating “unusual activity” for what many people believe to be a massive credit card hack took a toll on the nation's largest ...
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Credit cards

Is Higher Credit Card Debt Increasing Risks of Another Subprime Bubble?

24/7 Wall St. has been looking for anomalies in the economy to find trends since the end of the Great Recession -- trends both good and bad. You may have ...
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Credit Availability and Conditions Continue to Improve in July

We have yet another economic report this Thursday. This was a report from the National Association of Credit Managers (NACM). You can guess what they track -- credit availability, accessibility ...
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