Credit Cards Credit Limit Credit Risk 
PYMNTS
MAY 1, 2020
Banks are reserving tens of billions of dollars against potential credit card and loan defaults. They’re eyeing risk exposure while at the same time trying to help consumers get back on their feet. Amid job losses and reduced wages, they’re pulling back on credit card spending and embracing debit transactions.
FICO
JUNE 16, 2022
The following credit card performance figures represent a national sample of approximately 130 million accounts that comprise FICO® Advisors’ Risk Benchmarking solution. Unemployment rate is typically a key factor used in credit card loss forecasting models due to its high correlation with delinquency and loss.
The Fintech Times
JULY 22, 2024
Many operations can now be automated, such as remote account opening, requesting credit limits, deposits, and brokerage accounts. “Furthermore, incumbents are offering modified debit and credit cards in large print and braille formats, making them accessible to blind and low vision individuals. It’s a win-win.”
FICO
DECEMBER 11, 2018
Enhancing Credit Assessment for Existing Customers. LIFECARD, a credit card company with more than 5.7 million accounts, is the first lender in Japan to adopt the FICO® Score to enhance its credit assessment for existing customers. Using the FICO Score, we can do this in a responsible and profitable manner.”.
PYMNTS
SEPTEMBER 20, 2018
Banks offer credit limits to borrowers that would seem punitively low in much of the Western world, so there is a pent-up demand for online alternatives. The opportunity is also gigantic, Cheng told Webster, given that the country has some 800 million working adults, with less than half of them in possession of a credit card.
PYMNTS
NOVEMBER 2, 2018
That means the big opportunity for X Financial comes from the 400 million or so Chinese consumers who have credit cards, but are hampered by limits that are too low. X Financial’s offerings include a balance transfer credit card product and an unsecured, high-credit-limit loan product.
PYMNTS
JANUARY 23, 2020
The changes will create a bigger gap between consumers deemed to be good and bad credit risks,” noted the Journal. The changes seem to herald more conservatism in credit scoring , and greater attention to risk tied to debt. Credit card debt stood at more than $1.3 financial crisis.
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