Eric Bank

Finance Writer
Eric Bank

About the Author

Eric Bank has been covering business and financial topics since 1985, specializing in taking complex subject matters and explaining them in simple terms for consumer audiences. Eric's writing regularly appears on Credible.com, eHow, WiseBread, The Nest, Get.com, Zacks, Chron, and dozens of other outlets. A former software engineer, Eric holds an M.B.A. from New York University and an M.S. in finance from DePaul University.

Latest Posts

285 posts written/edited to date

Blog

306 views

3 min read

Klarna Losses Double in Q1 as U.S. Consumer Debt Surges to All-Time High

Klarna's Skyrocketing Losses Expose Weaknesses in BNPL

A red flag for anyone tracking U.S. household borrowing and the condition of the buy now, pay later (BNPL) market was Klarna’s first-quarter... read more »

By: Eric Bank • 5/23/25

Blog

224 views

3 min read

How Subprime Borrowers Are Using Credit to Climb Back Up

How Subprime Borrowers Are Using Credit to Climb Back Up

Subprime consumers tend to be stereotyped as impulse-driven credit risks who lack the planning skills to manage their personal finances. But... read more »

By: Eric Bank • 5/23/25

Blog

208 views

3 min read

Moody’s Cut in US Credit Rating Points to Higher Rates and Risk

Moody’s Cut in US Credit Rating Points to Higher Rates and Risk

The U.S. government has suffered another loss in its fiscal credibility. Moody’s recently downgraded the rating on the United States’ sovereign... read more »

By: Eric Bank • 5/22/25

Blog

306 views

3 min read

Loan Satisfaction Flat as Financial Strains and Data Concerns Grow, JD Power Finds

Loan Satisfaction Flat as Financial Strains and Data Concerns Grow

Despite concerted efforts by lenders to enhance borrower experience, total personal loan satisfaction hasn’t changed much since last year,... read more »

By: Eric Bank • 5/22/25

Blog

780 views

3 min read

What It Took to Launch Juzt: A Fintech’s Crash Course in U.S. Compliance

Juzt: A Fintech’s Crash Course in U.S. Compliance

Four weeks since the U.S. launch of the Juzt Card, Access Finance CEO Ivan Arnaudov said demand from customers has exceeded expectations,... read more »

By: Eric Bank • 5/21/25

Blog

480 views

3 min read

Capital One Closes Discover Deal With Pledge to Subprime Borrowers and Communities

Capital One Closes Discover Deal With Pledge

Following months of regulatory scrutiny and waves of media criticism, Capital One’s acquisition of Discover Financial has finally entered the end... read more »

By: Eric Bank • 5/21/25

Blog

1,552 views

3 min read

Household Debt Hits Record High as Student Loan Delinquencies Rise

Record Household Debt as Student Loan Delinquencies Rise

Americans are deeper in debt than ever before. The Federal Reserve Bank of New York’s most recent snapshot revealed household debt increased by... read more »

By: Eric Bank • 5/19/25

Blog

792 views

3 min read

Speed Bump Ahead for Subprime Auto Lenders

Subprime Auto Lenders Encounter Decline in Approvals

Automobile sales may still be rolling along, but the road is getting rocky for subprime borrowers. Lenders are pickier about high-risk loans even... read more »

By: Eric Bank • 5/19/25

spinner