2006 Cards Lending 
Abrigo
DECEMBER 16, 2014
Lending standards continue to relax, according to data from the OCC’s 2014 Survey of Credit Underwriting Practices. This type of easing is similar to that experienced between 2004 and 2006, the time period leading up to the financial crisis, which many attribute to inadequate lending standards.
PYMNTS
MAY 31, 2019
Margaret Keane, the CEO of Synchrony Financial, the biggest provider of store credit cards, said the card industry will be keeping a close watch on how Goldman Sachs handles its partnership with Apple in regards to the newly announced Apple Card. Co-branded cards, as all payments professionals know, have been around for decades.
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PYMNTS
APRIL 8, 2019
Bloomberg reported there are about 15 million more consumers that have credit scores of more than 740 today than back in 2006. What’s more, Bloomberg cited Moody’s as saying there are around 15 million fewer consumers with scores under 660 today then back in 2006.
Abrigo
OCTOBER 28, 2020
These times are different than the early 2000s or even 2006 to 2018 when economic activity was roaring, unemployment was low and financial institution liquidity was tight. Credit card loans carry a higher rate presumably due to larger losses on credit extensions. CRE Lending. Lending & Credit Risk. CRE Lending.
PYMNTS
APRIL 5, 2019
In 2006, 44 percent of tappable equity came from homeownerships with credit scores of 780; in 2017, the share had increased to 53 percent. And here is the kicker: “Much of the corresponding decline in share came from homeowners under 45, whose share of equity declined from 24 percent in 2006 to 14 percent in 2017.”.
PYMNTS
OCTOBER 1, 2018
The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. Attorney Alex Tse. “We The Response.
PYMNTS
APRIL 10, 2017
According to Reuters, Linskens began oversight at Wells Fargo back in 2006 and was responsible for day-to-day supervision of the financial institution. Those consumers then racked up annual fees and other charges on cards about which they knew nothing. million deposit accounts, allegedly without receiving customer consent.
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