Key findings from TransUnion report: Total consumer debt rose to $2.6 trillion, driven by increased mortgage balances amid falling interest rates; mortgage originations jumped 18% YoY as Canadians opted for shorter-term fixed mortgages.Delinquency trends reveal widening financial disparity across regions; early-stage delinquencies declined, but late-stage delinquencies rose, with Ontario, Alberta and Quebec showing the sharpest increases.Credit card market shows signs of slowdown as originations declined fu ...

RT The Great Martis (@great_martis)This is a very large part of regional/community banks' balance sheets: 40%. Now we know why the repo market has been tapped for over $100 million the past few months.Regional banks have liquidity issues due to high delinquency rates, which are about to get much worse. ...

Car repossessions are on the rise as delinquency rates on some auto loans hit record levels.We spent the night shift with the repo man, who is busier than ever.🔗: https://t.co/NPUpqTHqKF https://t.co/jDXkakgH2S ...

Consumer Credit Concerns - Credit scores are falling at the fastest pace since the global financial crisis [2] - 90-day plus delinquency rates for credit cards are north of 12%, the highest in 14 years, with an average rate of about 215% and $12 trillion [2] - CarMax reported increased loan loss reserves due to subprime customers (FICO scores under 550) having the most trouble [9] - A significant portion of thericcolor bankruptcy borrowers had no credit scores or scores around 600, highlighting concerns about lower-quality consumers [10] Market and Bank Performance - Despite consumer credit concerns, the market (HYG) has remained resilient [3] - Banks experienced pressure, possibly due to rebalancing or concerns about access to credit [4] - American Express, expected to perform well due to its higher-end demographic, was surprisingly hard hit [13][14] - Mastercard and Visa held up relatively well [14] - JP Morgan and Capital One earnings will provide insights into different customer segments [12][15] Buy Now Pay Later (BNPL) - BNPL options are prevalent for online purchases, potentially unique to this cycle [5] - Affirm (a firm) experienced a post-IPO pop but quickly broke price, indicating potential investor concerns [5][6] - The lower-end consumer is particularly relevant to the BNPL sector [8][9] Economic Outlook - The push and pull between the Fed's dual mandate (full employment and stable prices) continues [7] - PCE data was "sticky," and the upcoming jobs number may shift focus to the lower-end consumer [7][8] - The economy is perceived as "doing okay," with a good employment picture, though a government shutdown could cause disruption [12]