Tag Archives : Discover Financial Services

A Historic Drop in US Consumer Spending

A Historic Drop in US Consumer Spending

Friday morning brought with it the worse-than-expected job numbers, and then the market was closed with a record drop in consumer credit. According to the latest data from the Federal Reserve consumer credit in the U.S. declined to a record $17.5 billion in…

Rise in Capital One 30-Day Delinquencies from 4.83% to 4.77%

Rise in Capital One 30-Day Delinquencies from 4.83% to 4.77%

On Monday it has been said by Capital One Financial Corp. (COF) that those U.S. borrowers who are at least a month behind their card payments has been increased up to to 4.83% in July from 4.77% in June.According to a regulatory filing Monday, In addition to this, the bank and credit-card issuer have…

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