Subprime credit card lending is making a big comeback

Subprime lending is making a comeback.
TransUnion's Q2 2016 Industry Insights Report, released on Tuesday August 16, found that 10 million new consumers have entered the credit card marketplace in the last year, bringing the overall total number of consumers with a balance on at least one credit card to 133 million.
Subprime borrowers, which TransUnion defines as those with credit scores below 660, have helped drive this increase, with subprime balances making up 11% of the total, up f