The rest of the credit card industry continues to be dogged by slow loan growth, but retail-branded cards are bouncing back, thanks largely to a big push by merchants.
More From Asset Securitization Report
Bessent says Warsh came out talking ‘tough’ on inflation
The Treasury chief also predicted that the US economy will accelerate "on a non-inflationary basis for the rest of the year."
Banks are again vying for CRE loans as fears subside
Lenders pulled back on commercial real estate loans in 2023, as high interest rates put pressure on property values. They're now returning to the sector, and the renewed competition is prompting a pricing war.
Rate cap debate sidesteps big unknowns in credit card pricing
President Donald Trump's support of legislation that would cap credit card interest rates at 10% has flagged in recent weeks, but experts say that the debate has highlighted significant gaps in regulators' understanding of the credit card market and how its risks are priced.
JPMorganChase’s profit dips as it preps for Apple card portfolio
The largest bank in the country bulked up its reserves by $2.2 billion for potential credit hits from the Apple card portfolio, which JPMorgan is taking over from Goldman Sachs.
Mortgage credit slips from peak as conforming products retreat
Across-the-board decreases across all loan types drove the Mortgage Bankers Association's full credit availability index to its lowest in three months.
