Payments

While debt outstanding and performance issues are up, and new securitizations are down as expected, only auto ABS showed early signs of issuance growth.

The consumer loan and credit card collateral will consist entirely of assets that are seasoned, yet of shorter terms overall.

The buy now/pay later lender posted larger-than-expected losses, and following its layoffs it will deemphasize products with an uncertain short-term outlook, such as crypto trading.

A core issue in the upcoming fight over late fees involves what data is being collected on card issuers' costs and losses associated with late payments.

The card network sees digital payment opportunities and upside from China's reopening, but inflation and the slower pace of travel spending could slow growth.

Discover Financial Services posted a healthy fourth-quarter increase in card spending and lending, but analysts raised concerns about a sharp rise in credit account charge-offs that's likely to continue into 2024.

Rates are expected to reach a four-decade high, a positive for lenders poised to benefit from the increased income while consumers face escalating costs.

The industry is taking lessons from instant point-of-sale lenders to help homeowners embarking on major projects.

The companies, which reach thousands of merchants, recently launched environmental programs that use a network effect to cut carbon emissions.

Rising interest rates and tightening consumer credit are likely to drive many consumers to use interest-free point-of-sale loans, putting BNPL fintechs' data-driven underwriting to the test.