Auto Loan Update
🚗 How is the auto loan doing in 2023 so far? Everything is up. 🟦 Auto Price Up The new car price index continues to climb in May, ...
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Frank Tian
- Jun 7, 2023
- 1 min
Old Bank/Card Model Still On Fire
The Economist recently published a piece to highlight the resilience of credit cards in developed economies. In the US, the credit card...
Frank Tian
- May 29, 2023
- 1 min
💸 Overdraft/NSF Fee Down in the US
CFPB reported the bank overdraft/NSF revenue down 48% in Q4 ‘22 vs. pre-pandemic in Q4 ‘19. That is about $5.5B in savings on an annual...
Frank Tian
- Apr 21, 2023
- 1 min
💳 Consumers Continue to Shop on Cards
The top 4 US banks had another solid quarter with credit cards. This is the advantage of the diversified business model at full-service...
Frank Tian
- Apr 15, 2023
- 1 min
Small Medical Collections Removed
The 3 major credit bureaus removed the medical collections records under $500 on April 11th, 2023. This is one of the actions in response...
Frank Tian
- Apr 13, 2023
- 1 min
When Walmart Wants to Offer Credit …
20 years ago, I was in a meeting to discuss the possible expansion of a private label credit card with a grocery store partner. One...
Frank Tian
- Apr 11, 2023
- 2 min
💰 6 Consumer Credit Items To Know in 2023 Canadian Budget
All appear in the 1st chapter “Making Life More Affordable and Supporting the Middle Class”, a clear indication of the policy priority....
Frank Tian
- Apr 7, 2023
- 1 min
Personal Finance - Credit Card Payment
💳 A personal finance writer reached out with the following question for her audience: “Are there any benefits to making multiple credit...
Frank Tian
- Feb 26, 2023
- 2 min
Card Players Jockey for Position
💳 With credit card balances surging back, lenders continue to jockey for positions in the competitive field. 🏇 📌 Wells Fargo launches...
Frank Tian
- Feb 20, 2023
- 1 min
Q4 '22 Fed Household Credit Report
2022 saw the fastest rate hike. How is US consumer credit doing? Here is the latest Fed report: 👇 US household debt up $394 billion in...
Frank Tian
- Feb 5, 2023
- 1 min
🚨 Canadian Mortgage Fraud
🚨 As if the growing mortgage payment is not enough, Canadian homeowners now have a new thing to worry about. Criminals are eyeing to...
Frank Tian
- Feb 2, 2023
- 2 min
💰 Why do large banks embrace small-dollar loans?
This is a trend in the making in the last few years - now it caught American Banker’s attention. 🟦 Current State According to the latest...
Frank Tian
- Jan 27, 2023
- 1 min
💳 4 Reasons Credit Card Numbers Still Strong
Despite the gloomy headlines, US consumers are unfazed to pull out their cards. In the most recent financial quarter, 👉 Visa credit...
Frank Tian
- Jan 13, 2023
- 1 min
🇨🇦 OSFI to Tighten Mortgage Lending 🏠
In the face of the rising risk in the mortgage market, the Canadian financial regulator OSFI is soliciting feedback on more restrictive...
Frank Tian
- Jan 1, 2023
- 2 min
9 Things to Watch in Consumer Credit.
1. Will the central bank succeed in taming high inflation with a soft landing? The ideal scenario for businesses and consumers: the...
Frank Tian
- Dec 4, 2022
- 1 min
🏠 Canadian Mortgage Risk Update
Big 5 banks’ Q4 earnings reports are out. Here is an update of the mortgage book. 👇 It is a very Rough estimate, as each bank reports...
Frank Tian
- Dec 4, 2022
- 1 min
🏠 Canadian Mortgage Risk Snapshot - Q4 '22
Big 5 banks’ Q4 earnings reports are out. Here is an update of the mortgage book. 👇 It is a very Rough estimate, as each bank reports...
Frank Tian
- Nov 25, 2022
- 1 min
Canadians Reaching Tigger Rate
Canadians heard the mortgage trigger rate a lot. How many mortgages have reached that? The answer from the Bank of Canada 👇 Out of a...
Frank Tian
- Nov 19, 2022
- 2 min
💰 Large Banks, Small Dollar Loans
Wells Fargo is the latest major bank offering small dollar loans. The loans are for $250 or $500 with a flat fee of $12 or $20. The other...
Frank Tian
- Nov 16, 2022
- 1 min
US Household Debt Q3 Update
Q3 saw fast rate hikes and an uncertain future. How is the US household credit doing? Here is the latest Fed report: 👇 US household debt...
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