A newly launched loan product between a bank and its non-bank partner has suspended applications for days. According to unnamed sources,...

Top 4 US banks had another strong quarter with credit card purchases, which pulled the credit balance finally back to the level 3 years...

🏠 Interest Rate Dampens Mortgage Activity The Q3 earnings reports show the impact of the fast interest rate hike. Q3 ‘22 mortgage...

Goldman Sachs’ restructuring surfaced this week. 🟧 Marcus moved closer to its origination - Asset/Wealth Management. This is a brand...

Who Am I❓ A question everyone must ask. A question every bank must ask as well. Here is Goldman Sachs’ journey to explore a new identity...

From Oct 12, Canadian consumers can get personal loans at post offices, under a partnership between TD Bank and Canada Post. 💰 This is...

Apple Pay Later was nowhere to see in the iOS 16 release. When can you see it? Apple: Later. Why the delay? Per Mark Gurman from...

🇺🇸 Fed’s Unemployment Rate Forecast And its implication for consumer credit risk. 👇 When Fed hiked the rate by another 75 bps on 9/21,...

Here is a summary with some highlighted numbers. 🔲 The Data In Dec 2021, CFPB asked for data from 5 major BNPL operators in the US:...

When I started to work in the US market in 2015, it took me a while to figure out that a preapproval does not necessarily mean you will...

Canadian Real Estate Tanks Fast This Year. How much risk is in the overall mortgage portfolio? 👇 Here is a Rough view of the Big 5...

*UPDATE*: Student loan pause extended again to 12/31. Up to $10K student loan/$20K Pell Grant will be canceled. 43M borrowers will...

With their sheer size, credit card has always been a target. Look at recent headlines: 👇 Affirm: Americans trust their ex more than...

Even with some good US data points: July inflation drops to 8.5% July added 528K jobs The horizon is still cloudy with multiple risk...

Apple’s Breakout (from the existing financial system) project was first reported by Bloomberg back in March 2022. Since then, regulators,...

Q2 saw the steepest interest rate hike. How is the US household credit doing? Here is the latest quarterly report from the Fed: 👇 US...

FICO/Experian BNPL Study (Continued) How would multiple BNPL loans impact a FICO score? Suna Hafizogullari, senior director, FICO Scores...

Actions don’t always match feelings. As confirmed by the credit card numbers in Q2 earning reports. Credit card purchases had a strong...

Interest Rate Effect on Mortgage The Q2 earnings reports provided a glimpse of the latest impact of the interest rate hike. Q2 ‘22...

BNPL Regulation Update - Slowly, But Surely. The window of regulatory arbitrage is gradually closing in several markets. 🇦🇺 Australia...