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.
Etsy Launches Pilot Crowdfunding Program
A lot of sellers on the online crafts marketplace see financing as a big hurdle to growth.
Credit Conditions Brighten for Small Businesses
The Experian/Moody’s Analytics Small Business Credit Index shows credit balances growing and delinquency rates dipping to cyclical lows.
Cost-Saving Idea: Don’t Take Credit Cards
Credit cards are increasingly used in business-to-business transactions, and the associated fees are cutting into profitability, says REL.
Banks Cutting Spreads to Win Borrowers
Tighter spreads, lower credit line fees, fewer interest-rate floors, looser covenants — banks continue to ease terms to build their business loan books.
Bank Lending in Emerging Markets Worsens
The deterioration reflects weaker economic performance in many developing economies, says the Institute of International Finance.