Equipment Finance Borrowings Jump 20% in May
"Even more robust demand for financing is being constrained by supply chain shortages in several economic subsectors."
Equipment Finance Borrowings Jump 4% in March
“We are starting to see pent-up demand for goods and services leading to expanded capital budgets for equipment to produce it."
Metric of the Month: Invoices Billed to Customers With Credit Terms
Credit carries risk, but smart credit policies help the business grow.
U.S. Confidence Starts to Rebound
Finance executives are more optimistic about the domestic economy, but they expect a slow recovery.
Equipment Finance Borrowings Dip 7% in April
Lenders are suffering from "the effects of the coronavirus pandemic, with volume levels and portfolio quality metrics both falling in tandem."
U.S. Household Debt Reaches New Heights
A rise in mortgage, auto loan, and credit card balances drives a record amount of post-financial-crisis consumer debt.
Sears Cutting Corporate Office Jobs
The job cuts are part of the ailing retailer's goal to shave $1.25 billion off annual operating costs.
Non-Prime Online Lender Sets IPO Terms
Elevate Credit loans money "to the vast and underserved segment of 170 million non-prime consumers in the U.S. and U.K."
Auto Sales Slowdown Driving Risk for Lenders
Moody's says credit risk is rising at a time when the average dollar amount of negative equity at trade-in is at record levels.
Equipment Financing Nosedives
New business volumes dropped substantially in July and are off 8% compared with 2015, says ELFA.
Experian Reveals Hack of T-Mobile Customer Data
Cyber thieves accessed information on 15 million consumers that T-Mobile provided Experian for credit checks.