The turnaround in consumer credit has been more pronounced for automobile loans than for the broader consumer-loan category this year. The outlook for credit card spending is rosier as inflation has cut into household savings, but credit quality will be a ...

The Fast Company Impact Council is an invitation-only membership community of top leaders and experts who pay dues for access to peer learning, thought leadership, and more. BY Leslie Gillin Despite weathering challenging conditions over the past 12 to 18 ...

Synchrony Financial faces risks from declining consumer credit and a potential economic recession, which should slow loan originations and may increase defaults. Despite slightly elevated delinquency rates, Synchrony's high interest rates provide a cushion ...

In this article I use AAII’s A+ Investor Stock Grades to provide insight into three consumer lending stocks. With rising consumer confidence, the potential for interest rate cuts and a stable labor market, should you consider the three stocks of Enova ...

"We are focused on executing on what's in front of us," Goldman Sachs CEO David Solomon said Tuesday regarding the bank's consumer business, "and we're looking at all strategic options available to us." After Goldman Sachs took several recent steps to ...

Kleber Santos appointment comes as bank faces major financial pressures. Wells Fargo announced that Kleber Santos has been appointed the company’s CEO of consumer lending, effective immediately. Santos will lead all aspects of Wells Fargo’s consumer ...

The Zacks Consumer Loans industry continues to bear the brunt of high inflation and expectations of economic slowdown. Deteriorating asset quality is a major near-term headwind too. The Zacks Consumer Loans industry comprises companies that provide ...

PASCO COUNTY, Fla. — According to a report by TransUnion, home equity lending is the fastest-growing sector of consumer lending. A home equity line of credit (HELOC) is a type of second mortgage that enables you to borrow funds using the equity in your ...

Many have overlooked the pressure consumer lending will be placing upon our banking system. Many banks are already quite fragile, and the rise in consumer lending only puts more pressure on the system. It's up to you to find safer banks to protect your ...

Like most people, Quentella Livers, a 75-year-old widow from New Orleans, sometimes gets scammy solicitations in the mail. So when she received a statement in May 2023 from a financial technology company called Dividend Finance, informing her that a lien ...