The flow of credit card debt moving into delinquency hit 8.9% in the first quarter at an annualized rate, compared with an 8.5% rate the previous quarter and 5.87% at the end of 2023.

The average credit card annual percentage rate, or APR, hit a new record of 20.72% last week, according to a Bankrate database that dates to 1985. The previous record was 19% in July 1991.

Nova Credit’s consumer-permissioned data and analytics solution, Cash Atlas, will be leveraged by SoFi to bolster loan underwriting October 15, 2024 08:00 AM Eastern Daylight Time ...

This enhancement allows SoFi to access consumer-permissioned bank data and cash flow analytics via Nova Credit’s Cash Atlas solution, enabling the company to better serve its members.

NEW YORK, September 04, 2024--Nova Credit, the credit infrastructure and analytics company, and Akoya, the 100% API-connected data access network, announced today a partnership to help lenders ...