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Average U.S. FICO® Score Stays Steady at 716, as Missed Payments and Consumer Debt Rises

Fico Collections

Tue, 08/30/2022 - 12:00. For example, consumers with FICO® Scores between 550 and 599 saw a score increase of up to 20 points from April 2020 to April 2021. This is up by a little over 1% compared to April 2021. by Ethan Dornhelm. expand_less Back To Top. As of April 2022, the average credit card utilization was 31%.

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FICO Payment and Credit Trends Market Update

Fico Collections

The US unemployment rate improved to 6.10% in April 2021 after hitting a record high of 14.8% The number of jobs lost during the last 12 months is still in excess of 8.2 million with most impacted sectors occurring in food, travel, retail and recreational services. one year earlier in April 2020. Authorization Approval Rates.

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Q3 Industry Insights: Preparing for Credit Card Bills, Student Loans and Holiday Spending

True Accord

On a 12-month basis, the annual increase for core PCE was 3.9%, matching the forecast and coming in as the smallest monthly increase since November 2020. Other balances, including retail credit cards and other consumer loans, and auto loans also increased by $15 billion and $20 billion, respectively. trillion in Q2, a 4.6% a year ago.

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UK Credit Market Report April: Credit Card Spend Up 12 Percent

Fico Collections

Our latest UK Credit Market Report on card trends for April 2021 shows the impact of the opening up of hospitality and retail on April 12. The figures include a 12 percent rise in card spend and more customers exceeding their card limit. This is the largest monthly increase in spend for over two years. Source: FICO. .

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

between 2021 and 2022. Behnam expressed confidence that, if Congress passes the Financial Innovation and Technology Act for the 21st Century (FIT Act), the CFTC could establish a regulatory framework within 12 months. For more information, click here. For more information, click here. For more information, click here.

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UK Credit Market Report June 2021: Spending Tops 2019 Level

Fico Collections

Our latest FICO UK Credit Market Report looking at UK card trends for June 2021 shows that average card spend continued to increase compared to 2020. They are 4% lower than a year ago and 12% below June 2019 levels, suggesting that households are trying to manage their spend in the face of a still-uncertain future. month on month.

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Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover

True Accord

The Consumer Financial Protection Bureau (CFPB) has had its hands full overseeing actors across sectors–from regional and large banks to auto and online lenders to mortgage and credit agencies–in an ongoing effort to protect consumers in an ever-growing landscape of financial product offerings. the lowest reading since April 2021.