by Cole Gottlieb | Feb 28, 2023 | Blog
Hi All! We come to you today with our quarterly consumer lending wrap. As the Fed continues to battle persistent inflation with rate hikes, catch up on the latest trends we see emerging in the consumer lending space: fintech lenders and banks reduce risk, and the...
by Vy Phan | Nov 26, 2017 | Blog
The Federal Reserve Bank of New York reports that household debt totaled $12.95 Tn last quarter – the 13th straight quarterly increase. As a share of GDP however, household debt stands at 66% below a peak of 87% in early 2009. Bloomberg’s Julie Verhage reports...
by Vy Phan | Oct 14, 2017 | Blog
During an unusual period of global synchronized growth, the IMF raised its Global Growth Forecast for 2017 and 2018 by 10 bps to 3.6% and 3.7%, respectively. The IMF also named nine banks that will struggle to achieve profitability. “About a third of banks by assets...
by Vy Phan | Aug 27, 2017 | Blog
Partnerships between traditional financial services and FinTech continued this past week. Wells Fargo announced a partnership with FinTech startup Blend to improve the mortgage application experience. Retail giant Walmart and Google Express announced a partnership to...
by Vy Phan | Jul 30, 2017 | Blog
Note: PeerIQ will make a significant corporate announcement this week. Stay tuned! Earnings season continued with reporting from card issuers. As PeerIQ observed last quarter, we continue to see a “tale of two cities”–a divergence in charge-off rates of card issuers...
