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 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

Worked On 514 Articles To Date

Blog

11,832 views

3 min read

Chime Ups Rewards to 5% to Win Bigger Deposits and Top Customers

Chime Ups Rewards to 5% to Win Bigger Deposits, Customers

Chime is using a new rewards structure of cash back up to 5% on some of its secured credit cards to move upmarket and attract higher-quality... read more »

By: Eric Bank • 4/7/26

Blog

25,380 views

3 min read

Decline of FICO Average Score Points to Two-Tier Credit Market as Borrower Gap Widens Across Demographics

FICO Average Score Drop Widens Credit Divide Among Borrowers

A slight decline in the national average credit score from 715 to 714 was reported, but this slight drop tells a much larger story. Approximately... read more »

By: Eric Bank • 3/27/26

Blog

25,395 views

3 min read

Risks Rise as More Than 50% of Cardholders Carry Balances Monthly

Risks Rise as More Than 50% of Cardholders Carry Balances

Around 111 million Americans are currently carrying monthly balances, often at interest rates in excess of 20% — with some paying over 30%,... read more »

By: Eric Bank • 3/24/26

Blog

17,816 views

3 min read

Warren Launches Probe Into Why Auto Lenders Charge Military Borrowers Higher Rates Than Civilians

Sen. Warren Probes Military Auto Loan Rate Discrimination

Five major auto loan providers are being asked to justify how they can charge military personnel higher interest rates than their civilian... read more »

By: Eric Bank • 3/24/26

Blog

26,619 views

3 min read

BNPL Providers Target Homeowner Cash Flow Gaps as Market Strategy Shifts Beyond Shopping

BNPL Becoming Pivotal in Homeowner Cash Flow Management

Research by the JPMorgan Chase Institute has identified how BNPL is becoming part of household budgeting. The study found that some homeowners... read more »

By: Eric Bank • 3/19/26

Blog

31,788 views

3 min read

Canadian Subprime Auto Lender Stock Crashes 60% as Portfolio Losses Accelerate Risk Reassessment

Subprime Auto Lender Stock Plunges 60% on Mounting Losses

Canadian subprime lender Goeasy’s shares were down as much as 60% after the announcement by the company that it would suspend paying a dividend... read more »

By: Eric Bank • 3/13/26

Blog

26,775 views

3 min read

Subprime Borrowers Reach 15% of Auto Finance Market as Delinquencies Tick Up

Subprime Auto Market Share Grows Despite Rising Delinquencies

According to the latest automotive finance data issued by Experian, subprime borrowers account for one of the largest shares of auto financing in... read more »

By: Eric Bank • 3/10/26

Blog

22,440 views

3 min read

Fed Economists Warn Stablecoins May Reshape Credit Flows

Fed Study Warns Stablecoins May Drain Bank Loan Funding

A new research paper by a group of Federal Reserve Bank of New York economists examined how stablecoin deposits can affect the way credit flows... read more »

By: Eric Bank • 3/5/26

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