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Consumer Credit Update for 2Q 2023

South State Correspondent

New, post-2008 underwriting guidelines are having a positive effect on credit. Capital rotation is to HELOCs and away from autos. Within autos, the capital rotation is for new cars over used cars. Consumer Credit – Cards There is a shift of capital occurring to the prime tiers of cardholders.

Trends 195
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Can Politicians Give The Global Sharing Economy A Boost?

PYMNTS

The bill requires “the Economic Development and Commerce Department (DDEC by its Spanish acronym) to establish the standards and guidelines” for the sharing economy. is down this year compared to 2017, particularly with millennials, and that baby boomers are now the new drivers of the movement.” Sharing Backlash.

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Kellogg’s Breakfast Council Gaffe

PYMNTS

Kellogg’s used the cultural capital that expertise holds to hold influence beyond the marketing space. General Mills and Coke gave $646,000 and $565,000, respectively. Hershey, Kellogg’s, Campbell and Smucker’s were also on the donor list. Dishonesty might just be the name of the game here.

Branding 100
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Why Target Is Letting Kids Design Their Clothes

PYMNTS

Cat & Jack is Target’s newest vision — a line of baby and kids clothes, approved by kids, featuring funky colors and cooler cuts — and it is a big move on the rapidly growing market for kids clothes among newly reproducing millennials. And of course, a big risk. Just another big-box retailer fighting on price.