Collections & Credit Risk

Credit Card

• Card Charge-Offs Fall To 16-Month Low

  PaymentsSource | September 3

  The average charge-off rate on U.S. consumer credit cards in July fell to a 16-month low, while delinquency rates also were better as credit card-portfolio health continued to improve, Fitch Ratings reported this week.

• New York Regulators Investigate Deceptive Credit Card Marketing

  Collections & Credit Risk | September 3

  New York regulators are conducting an investigation into deceptive credit card marketing practices that target college students at their colleges.

• Delinquencies Fall As Consumers Focus On Card Relationships

  PaymentsSource | August 30

  During the second quarter ended June 30, the ratio of bankcard borrowers 90 days or more delinquent on one or more of their credit cards was 0.92%, down 19 basis points from 1.11% the previous quarter and down 25 basis points from 1.17% in the second quarter of 2009, according to TransUnion.

• Target Card Unit Profit Rises

  American Banker | August 20

  Credit card profits more than doubled for Target Corp. in its fiscal second quarter, helping to boost its overall earnings.

• Credit Improves At Top Issuers

  American Banker | August 17

  The credit outlook at the top six card issuers is getting brighter, with both chargeoffs and delinquencies falling again in July.

• Experian: Consumers Have Fewer Credit Cards Than In 2007

  PaymentsSource | August 16

  U.S. consumers are carrying fewer credit cards than they were three years ago, while New Yorkers tote more plastic in their wallets than residents of any other state, according to Experian.