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UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis

FICO

UK Credit Card Trends: From 2008 Crash to Cost-of-Living Crisis. Changes in card management, customer behaviour and regulations make card delinquencies and other trends very different from the crash of 2008. In 2008, it reached a peak of 4.5%. In 2008 it was 5.25% with 4.62% in 2009. Darcy Sullivan. by Liz Ruddick.

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How a fintech born from the 2008 recession is navigating the pandemic

Payments Source

Bill Clerico created WePay during the last financial crisis, and sees a similar opportunity now. The coronavirus pandemic is affecting different markets in vastly different ways, and easing the flow of capital is just one way to provide help.

FinTech 206
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Fraud & COVID-19: Lessons Learned from the 2008 Recession

FICO

When it comes to fraud and COVID-19, the Great Recession of 2008 provides some important lessons that can help banks and consumers protect themselves against the increased risk. Here’s what different about fraud during COVID than 2008. There’s one fraud pattern that’s highly predictable: when the economy goes down, fraud goes up.

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US Consumer Price Index Drops To 2008 Level In April

PYMNTS

It’s the largest monthly decline since December 2008. The CPI, a measure of the change in the prices of goods and services, dropped 0.8 percent in April on a seasonally adjusted basis. At nearly 21 percent, the decline in the gasoline prices was the largest contributor to the monthly decrease.

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Coronavirus Is ‘Cross Between 9/11, 2008 Financial Crisis,’ Officials Say

PYMNTS

Banking officials are in a panic over the coronavirus as it upturns their revenues, with PJT Partners restructuring specialist Tim Coleman describing the viral pandemic as “like a cross between September 11 and the global financial crisis of 2008.”.

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Americans Are Borrowing Like It’s 2008 … Sort Of

PYMNTS

trillion peak it reached in the fall of 2008 — the same time that the Great Recession was earning its place in the history books. trillion at the end of the first quarter of 2017, up $473 billion from a year ago and $50 billion above the previous 2008 record. trillion in household debt of 2008 represented 85 percent of the U.S.

Fed 43
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Amex Cuts CEO's Pay 26% to Lowest Since 2008 After Stock Slides

Payments Source

cut Chief Executive Officer Kenneth Chenault's pay 26 percent to the lowest level since 2008 after the credit-card lender's stock and profit slumped last year. American Express Co.