Sentence examples for consumers default from inspiring English sources
The collapsing housing market is at the heart of the crisis in global financial markets as declining demand pushes down property values and indebted consumers default on their loans.
JPMorgan Chase, Bank of America, Wells Fargo and most other big banks all expect enormous losses as millions of consumers default on their mortgages, credit cards and automobile loans.
But he offered little optimism over short-term market conditions as cash-strapped consumers default on loans and credit card payments: "Make no doubt about it, credit is bad and we believe credit is going to get worse before it will eventually stabilise and improve".
No matter how many consumers default on Visa cards, the banks that issued them will eat the losses while Visa pockets processing fees.
Furthermore, since mortgage loans are typically the last debts consumers default on, after the delinquency rate has peeked, as the data would indicate, the worst may be over.
Visa is gunning against MasterCard's PayPass, PayPal, Square and others to become consumers' default digital wallet for online and mobile payments, and today it's announcing two pieces of news in that strategy: it is adding PNC as its first U.S. banking partner, and 1-800-FLOWERS 1-800-FLOWERS 1-800-FLOWERS.me digitas wallet scheme.
Then I realized that I came across one of the best-kept secrets in investing at the time: "Prime" consumer default rates historically do not outpace the interest rates.
If the downturn persists, lending will slow, and consumer defaults will rise.
This way General Motors, Ford and Chrysler get to move their current inventories, receive the money for future investment, and the government doesn't actually make the investment, unless the consumer defaults.
Kookmin Bank, the nation's biggest lender, recorded a sharp fall in profit in the third quarter because of rising consumer defaults.
For their part, lenders may benefit when credit bureaus report consumer defaults, even incorrectly, because such reports put pressure on consumers who wish to maintain good credit ratings to pay even disputed claims.
