Third-Quarter Card Delinquency

Third-Quarter Card Delinquency Edging to 7-Yr Highs

Third-quarter card delinquency, among the nation’s top four credit card issuers, continued to march upward, now hovering at levels not seen in seven years. It is the highest level for a third-quarter since 2013 and rose significantly from the prior quarter. Noteworthy is the fact all four of the nation’s top bank credit card issuers…

Money Revolution at Money 20/20

Money Revolution Hits Las Vegas as Big Guns Converge

The Money Revolution, Money20/20, is the “magnet of magnets” of events for the payments industry and it gets underway next week. Billed as the doorway to the epicenter of the payments, banking, fintech and financial services ecosystem, this year’s theme is Journey to the Future of Money. Featured in PYVNTS, the four day Money 20/20…

Third-Quarter Earnings Reports

Third-Quarter Earnings Reports for Payments Hit Next Week

Third-quarter earnings reports for the nation’s top credit card issuers, global payments networks and supporting businesses gets underway before the market opens on Tuesday, October 15th. First out of the shoot, is Chase (JPM), Citibank (C) and Wells Fargo (WFS), according to PYRPTS.com and CardData. Among, the four global payment networks, American Express (AXP) will…

Credit Card Loan Loss

Credit Card Loan Loss Reserves Jump as Economic Clouds Gather

Card loan loss reserves rose sharply among the nation’s largest issuers, however, charge-offs among the Big 6 domestic credit card issuers held steady in the second-quarter. Credit card charge-offs among the nation’s Big 6 credit card issuers rose 18 basis points (bps) year-on-year (YOY) for the second-quarter (2Q/19).  The Big 6 (Chase [JPM], Capital One…