Card Players Jockey for Position
💳 With credit card balances surging back, lenders continue to jockey for positions in the competitive field. 🏇 📌 Wells Fargo launches...
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Frank Tian
Feb 20, 20231 min read
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 8, 20231 min read
💳 What happened after I got a CLD …
Last year, one of my credit cards received a 60% credit line decrease (CLD). It is understandable as issuers reduce exposure on long-term...
Frank Tian
Feb 2, 20232 min read
💰 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 31, 20231 min read
💳 CFPB Caps Card Late Fee
The details of card late fee rule-making are out. 👇 CFPB proposes an $8 cap, Within 25% of the required payment, No automatic annual...
Frank Tian
Jan 27, 20231 min read
💳 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 19, 20231 min read
🏚️ US banks’ Q4 Update - Mortgage
The mortgage origination continued to collapse. The top 4 banks - JP Morgan Chase, Bank of America, Citi, and Wells Fargo - collected...
Frank Tian
Jan 15, 20231 min read
🚨 US Banks Accelerated Reserve Building.
But it is not as bad as it sounds. The top 4 US banks accelerated their reserve building in Q4 ‘22: +$2.9B, or +4.4% Q/Q. This is the 3rd...
Frank Tian
Jan 13, 20231 min read
🇨🇦 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 11, 20231 min read
💰 Review Your Product Limit Cap
The latest US inflation number is out. It is in the right downward direction but still high. Latest 12-month inflation readings: 🇺🇸 US...
Frank Tian
Jan 1, 20232 min read
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, 20221 min read
🏠 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, 20221 min read
🏠 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 28, 20221 min read
My Book / Career Advice
Glad to hear my book has been listed as a required reading by a risk solution company for their employees. I am thankful to people who...
Frank Tian
Nov 25, 20221 min read
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, 20222 min read
💰 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, 20221 min read
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...
Frank Tian
Nov 16, 20221 min read
US 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...
Frank Tian
Nov 6, 20222 min read
🏠 Higher Rate to Trigger Rate
🟧 Higher Rate - To Be Higher Bank of Canada (BoC) raised the rate by another 50 bps in Oct - the cumulative hike is 350 bps this year....
Frank Tian
Nov 2, 20221 min read
💳 I Got a Credit Line Decrease (CLD)
This hasn’t happened in years. I actually got multiple line increases in the last 3 years. Is it a sign of a change in overall consumer...
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