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According to VantageScore, delinquencies on car loans, mortgages, and other credit products surged 103% among consumers earning $150,000 or more between January 2023 and March 2025. Our take: While Gucci鈥檚 reinvention is underway, it鈥檚 unfolding in a climate where even luxury鈥檚 most reliable shoppers are starting to pull back.

All banks except for CIBC increased loan loss provisions鈥攁nd each set significant sums aside to prepare for future volatility, per Wealth Professional, Investing.com, Canadian Mortgage Professional, and Nasdaq.

A PYMNTS Intelligence study groups consumers into two personal financial styles: planners, who typically pay credit card balances in full and have sufficient emergency funds, and reactors, who rarely pay off balances and lack emergency savings. Higher-income consumers are typically planners.

While it鈥檚 difficult to attribute growth specifically to marketing, banks that reported marketing expenses in call reports saw the most loan growth.

Consumers might also trade down to debit cards to avoid overspending and racking up debt, leading to lower swipe fee and interest income for issuers. Consumers could also have a tougher time paying down their debts, further exacerbating already elevated credit card delinquency levels.

This will allow merchants to offer the payment method at checkout to give customers access to loans ranging from 30 days to 60 months. As part of this partnership, Affirm will also join the JPMorgan Payments Partner Network, which gives the bank鈥檚 clients access to its payment solutions and third-party relationships.

The situation: A wave of proposed policy changes could reduce or eliminate SNAP benefits for millions of the 42.1 million Americans who rely on the program鈥攋ust as tariffs, inflation, and the resumption of student loan payments are already squeezing household budgets. The impact will extend well beyond SNAP recipients.

Klarna will take over the OnePay partnership from Affirm, becoming Walmart's exclusive provider of BNPL loans. OnePay will handle the user experience via its app, and Klarna will handle loan underwriting. The new product will be launched in the coming weeks and will be fully scaled across Walmart by the holiday season.

Product and product type: Consumers don鈥檛 want or need all products equally, and some products鈥攕uch as mortgages鈥攈ave much longer customer journeys than others. A brand鈥檚 competitiveness: If an FI has strong brand awareness, their marketing strategies may work more efficiently than competitors鈥� and vice versa.

And depending on regulatory approval, crypto platforms could be allowed to act more like banks and accept deposits or issue loans. But this would also bring them under the same regulatory umbrella as traditional financial institutions (FIs), which means their services can help them gain or lose consumer trust鈥攁 challenge they鈥檝e already faced.

And less than a third overall have access to alternative credit options like loans and investments, according to Mastercard and AMI. For banks seeking growth, the rise of Latin America鈥檚 consumer class signals a surge in demand for financial products and services.

Mortgage and downpayment products that reduce initial costs (e.g., downpayment assistance, flexible repayment options). Advisory services with digital tools and human support to help customers optimize their financial plans. Lifestyle-focused banking perks such as cashback on essential expenses, travel benefits, or financial incentives for healthy spending habits.

It鈥檚 also not unusual for delinquencies and debts to increase in Q4 as consumers ramp up holiday shopping, which means this quarter鈥檚 data release could be more noise than signal. Our take: Issuers likely won鈥檛 see a significant improvement in delinquencies until credit card interest rates come down.

To that end, Cash App received FDIC approval in March to finance its Cash App Borrow loans directly to consumers through Square Financial Services鈥攁 crucial step toward launching larger lending operations. Our take: Square wants to bring all of its products and services in one place. Last month, the company launched a new POS app that centralized its vertical-specific offerings.

Chime lowered the barriers for personal loans. Revolut鈥檚 new ATMs could take a swipe at a major competitive advantage held by traditional financial institutions (FIs). Gen Z鈥檚 top factors in choosing where to bank include their proximity to an FI鈥檚 ATMs and branches.

What this means for banking competitors: With ambitious global expansion plans (including licensed banks in the UK and Mexico, a move into India, and the launch of mortgages), Revolut is positioning itself as a full-spectrum financial super app. Its ability to scale rapidly while maintaining high user engagement gives it momentum that traditional banks are struggling to match.

Banks with exposure to mortgage loans in high-risk areas face increased likelihood of default and loss. And while relief efforts are essential for customer support, banks will see some changes in profitability as a result:. Forbearance periods may extend up to a year or beyond, straining profitability from unpaid or delayed loans.

Cost-cutting is helping, but high debt levels mean Paramount still faces significant financial constraints.

Chase planned to raise interest rates and underwrite credit card loans more conservatively. And Capital One said it would take 鈥渕itigating actions.鈥�. Our take: We previously predicted that if the rule is scrapped, issuers would bring down interest rates from their record highs. But now with the current uncertain economic environment, the interest rates may stay at a standstill.

And deteriorating consumer financial health could make it harder for BNPL users to repay their loans, potentially increasing delinquencies. Our take: We previously predicted that current market volatility could delay Klarna鈥檚 public debut. There is a lot of uncertainty about the future of the US economy and by extension, Klarna and the BNPL industry.

Cash App customers can manage their buy now, pay later (BNPL) loans鈥攔ebranded as Cash App Afterpay鈥攄irectly within the Cash App app. Why this matters: Block has been working to tie these two brands closer together. Afterpay became available on the Cash App Card in February. Block said the integration led to higher gross profits per active cardholder.

Cross-selling capabilities: Banks are using apps to cross-sell, with 41% promoting credit cards to existing customers and 29% displaying mortgage rates in unauthenticated areas. Customers like when banks make relevant financial recommendations, and U.S. Bank鈥檚 recent cross-selling campaign does exactly this.

It also wants to launch rewards for mortgage payments. Why this matters: The Bilt card program has reportedly not been going well for its issuer, Wells Fargo. Current and former Wells Fargo employees told the Wall Street Journal in June that the partnership costs the bank $10 million per month.

The bus offers full-service banking, including personal and recreational loans. Usage has grown steadily since its launch, indicating strong community interest. Can it work? The mobile unit, along with LFCU鈥檚 new website, have helped expand membership to 4,200 across Pine Ridge and neighboring reservations and counties, with a potential to serve 40,000.