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Springleaf Holdings and the Re-Emergence of Sub-Prime Consumer Lending

Springleaf Holdings and the Re-Emergence of Sub-Prime Consumer Lending

Macro overview

Customer balance sheets have actually contracted because the credit crisis in 2008. The contraction in household liabilities (with the exception of student loans) has been broad, spanning mortgage debt and autos, among others as shown in the Federal Reserve Bank of New York (FRBNY) chart. Consumer finance isn’t any various, aided by the amount that is outstanding of additionally dropping.

Regrettably, the Fed will not bust out customer finance balances on a level that is granular rather lumps it into the “other” category along side department store cards.