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RBI's vigilance: New consumer credit norms to bolster India's financial stability amidst surging loan growth
In a proactive move aimed at mitigating potential systemic risks associated with the rapid growth o…
ANI
Biden's change to credit card fees could be worth nearly $3 billion to American consumers
The Biden administration set a new limit on credit card late fees, and it could be worth billions t…
Cork Gaines
Delinquent debt is piling up. Here's why it's not a reason to worry about the US consumer, according to BofA CEO Brian Moynihan.
More credit card debt and car loans transitioned into late payment status last quarter, per the New…
Jennifer Sor
Retail trumps corporate lending as small-ticket loans see fourfold jump in past two years
Personal loans are on the rise. The month of December has seen the category in lending-verse amass …
Adani Group to invest 100 billion US dollars in energy transition, manufacturing green energy capability: Gautam Adani
Adani group will invest more than USD 100 billion (around Rs 835 crore) in energy transition projec…
PTI
India's non-cash payments on e-commerce platforms surge to 58.1% in 2023
India has made rapid strides in terms of alternative payment share for e-commerce payments in the A…
ANI
Kroger's CEO says it isn't the supermarket's fault that groceries are more expensive, it's due to things like credit card swipe fees and fuel costs
A Kroger executive said in a court testimony last week that the retailer hiked its milk and egg pri…
Kwan Wei Kevin Tan
Warren Buffett's company is so big it's like a mini US economy. Here's what it signals about the state of consumers.
Warren Buffett's Berkshire Hathaway owns scores of companies across a range of industries, and stro…
Theron Mohamed
Americans' spending patterns are flashing a warning of a possible consumer-led recession
Consumers are pulling back on discretionary purchases, a sign that their stimulus-fueled shopping s…
Jennifer Sor
One of the nicest perks on my credit card is making me a jerk
Consumers are increasingly disputing charges on their credit card and committing friendly fraud as …
Emily Stewart
Kotak Mahindra Bank shares decline over 4%; hit 52-week low
At the NSE, it went lower by 4.40 per cent to Rs 1,552.40 -- the 52-week low. Manian, who …
PTI
Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says
Investors now see "shadow banking" as the leading source of a potential credit event, respondents i…
Filip De Mott
India poised to become world's third largest consumer market by 2026 outpacing Germany, Japan
According to recent data, India is expected to outpace Germany by 2024 and Japan by 2026, solidifyi…
ANI
The consumer slowdown is here and its flashing a recession warning for the economy
American consumers - the backbone of the resilient US economy in recent years - appear to be windin…
Jennifer Sor
Credit and profitability of banks to moderate in FY25, says ICRA
The Indian banking sector’s rating has been revised to stable from positive by rating agency ICRA o…
Consumers reported losing $210 million to scams across payment apps last year. A new bill wants to help future victims get their money back.
Consumers defrauded while using Zelle or other peer-to-peer payment apps might have increased reimb…
John Towfighi
We want the elephant of inflation to walk back to the forest: Shaktikanta Das
The Indian central bank’s rate-setting panel, the Monetary Policy Committee (MPC), kept the repo ra…
Gretchen Whitmer says Biden isn't getting credit for the infrastructure law because voters are 'stressed out'
Michigan gov. Gretchen Whitmer said voters aren't "consuming everything" so Democrats need to work …
John L. Dorman
Consumer credit card debt tops $1 trillion for the first time ever
The $1 trillion milestone in credit card debt comes at a tricky time for consumers amid a period of…
Matthew Fox
Banks have finally fixed the single most annoying thing about credit cards
Banks are using huge amounts of data to separate legitimate purchases from scams. That's great for …