Credit Card Earnings, Regulatory News and Consumer Credit

In this week’s PeerIQ Industry Update they cover the slowing growth rate of consumer credit which points to consumers being more cautious about borrowing; Presidential candidates Bernie Sanders and Alexandria Ocasio-Cortez released proposals for a 15 percent cap on credit card interest rates and the U.S. Court of Appeals for the Ninth Circuit upheld the constitutionality of the CFPB; Peer IQ takes a deep dive in credit card earnings for American Express, Capital One, Discover and Synchrony; data shows delinquencies are up by remain far below peaks and card companies are increasing loan loss reserves as normalization continues. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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