Consumer spending slowed in June, but remained strong in several sectors, according to First Data Corp., a global payment technology and services firm. more »
STEADY OUTLOOK: "We expect delinquency rates to fluctuate at this lower end of the range for the foreseeable future," says James Chessen, the chief economist of the American Bankers Association.
The percentage of U.S. consumers who are late on their loan payments remained at near-record lows in the first quarter, according to a new report by the American Bankers Association. more »