Tag
Consumer Credit
5 articles
Subprime Auto Delinquencies Hit 30-Year High as Repossessions Surge 43%
Delinquencies among subprime borrowers doubled since 2021, hitting 6.5% in January, as repossessions jumped to 1.73 million vehicles last year.
July Consumer Credit Surges $18.1B; Card Debt Hits $1.357T Record
Non-revolving credit jumped $15.3 billion in the largest monthly gain in three years, signaling sustained releveraging despite elevated 22.15% card rates.
American Express Q2 Beat Masks a Cost Problem as Shares Drop 6%
AXP fell from $340.84 to $320.55 after CEO Stephen Squeri routed earnings upside into growth spending, leaving FY 2026 EPS guidance unchanged at $17.30–$17.90.
Auto Lenders Face Underwater Consumer Debt Crisis: Ford, GM Risk Significant Downside
Mounting consumer car loan defaults and diminished trade-in values signal a deepening crisis for auto manufacturers and lenders, threatening their earnings outlooks.
Consumer Credit Jumps 2.2%: Sticky Inflation Risk Rises
February's 2.2% SAAR rise in consumer credit, driven by nonrevolving loans, indicates robust demand and potential inflation stickiness, challenging the Fed's rate cut outlook.