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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

FICO

Census Bureau reports advanced estimates that retail sales were down 1.2% Trends in the macro environment are seen throughout the credit card industry Rising prices, increases in the cost of securing and carrying debt, and the fear of higher unemployment rates are trickling through to consumer behavior on credit cards.

Trends 52
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Surprises from the Consumer Financial Decision Making Conference (Behavioral Economics)

Celent Banking

Another case arises when consumers have high interest rate credit card debt. Anchoring on credit card disclosures is very powerful. Initial experiences with the new credit card disclosures shows that borrowers are anchoring on the minimum payment figure, and on occasion paying less each month than they otherwise would.

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Fintech Fundings: 113 Companies Raised $1.7 Billion in May

Fintech Labs Insights

HQ: Omaha, Nebraska. Online tax preparation. Company credit cards. Retail investor services platform. Tags: SMB, credit cards, expense management, bookkeeping, controls, security. Source: Finovate. Carson Group. Wealth management platform. Latest round: $35 million. Total raised: $35 million. Source: Crunchbase.

Company 17