This week, our 3 Things are:

1.     Credit card loan losses. They’re at the highest level in 13 years despite unemployment at historically low levels. Does that make sense?

2.     Bank lender risk appetite. The latest Senior Loan Officer Survey is out. We’ll tell you what you need to know.

3.     Direct lending into the middle market. A new KBRA report, which has gotten a lot of market attention, sheds much-needed light on asset quality trends.