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Credit Card Delinquency Rates Remain Low Despite Rise in Subprime Borrowers
Subprime consumers are being offered more credit cards but delinquency rates remain low, according to the latest TransUnion Industry Insights Report.  more »
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Target Corp. reached a settlement with Visa Inc. over a hacker attack that struck the retail chain during the 2013 holiday season and exposed millions of customers' personal information. more »
Increases in credit card and auto loan balances were not enough to keep overall household debt balances from remaining flat since the first quarter, according to the Federal Reserve Bank of New York’s Household Debt and Credit Report. more »
The operation is charged with illegally selling loan applicants’ financial information to a scam operation that took millions of dollars by debiting consumers' bank accounts and charging credit cards without consent. more »
The FTC is mailing nearly $1 million to people who lost money in a credit card interest rate reduction scam. more »
Some Democratic lawmakers want to help consumers fight back against creditors. The Consumer Reporting Fairness Act, introduced by Sen. Sherrod Brown, D-Ohio, would make it easier to fix inaccurate credit reports. more »
Bloomberg News
WASHINGTON — Citigroup is facing $770 million in charges after two federal regulators said the megabank engaged in deceptive marketing and unfair billing practices related to its credit card add-on products. more »
Ashley Madison, an online extramarital dating service that claims to protect users' privacy and security, has had its customer database compromised. more »
Florida Attorney General Pam Bondi is warning consumers about an increase in robocall complaints and, apparently, scams. more »
A Reuters report reveals JPMorgan Chase & Co. will pay at least $125 million to settle investigations by federal and state authorities that the bank sought to improperly collect and sell consumer credit card debt. more »
A federal court has halted and frozen the assets of a nationwide credit card debt relief scam that allegedly stole millions of dollars from consumers. more »
More than a year after a collection operation settled charges of extorting payments, the Federal Trade Commission is mailing nearly 95,000 checks totaling approximately $4 million to consumers who lost money in the scam. more »
A federal district court temporarily halted an Orlando, Fla.-based operation for credit card robocall campaigns dating to 2011. more »

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