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A Painful Year Looms for Issuers of Middle-Market Consumer Credit Cards

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A Painful Year Looms for Issuers of Middle-Market Consumer Credit Cards

Pierre Buhler was featured in this American Banker article outlining strategies for credit card issuers operating in an increasingly complex environment.

Pierre outlines the market, “Certain consumers built up a lot of cash during the pandemic, but many of them have burned through their money by now. And those with shaky jobs in this economy have suddenly become much riskier than they were a couple of years ago.”

He continues to explain surrounding factors contributing to this instability, “I believe millions of people are expecting their student loans to be fully forgiven, and they may not get what they were expecting. This will also have a negative effect on credit this year.”

Read the full article here.

 

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