May 13, 2020

American Express CFO on credit stress among prime customers

These are not people who are used to being in stress.

~ Jeffrey Campbell, American Express CFO, "Do You Really Have That Credit?," Bloomberg Businessweek, May 11, 2020

(At American Express Co., about 845,000 accounts have enrolled in the company's forbearance programs.  Almost 90% of those customers had credit scores that would be considered prime or superprime.)

Almost half of America now carrying credit card debt, and more of it

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