Collections & Credit Risk

Credit Card

• Failure To Cover Nonbanks Seen As Key Flaw Of New Consumer Unit

  American Banker | March 8

  The original goal of providing uniform protections for all consumer credit is getting lost to lawmakers' preoccupation over where to place a new regulator.

• Card Chargeoffs Rise Again: Fitch

  PaymentsSource | March 5

  U.S. credit card chargeoffs rose again through January, reaching levels close to the peaks set last fall, according to data Fitch Group’s Fitch Ratings.

• Credit Unions' Card Portfolio Sales Soar

  PaymentsSource | March 3

  Credit unions sold 22 credit card portfolios last year and the total asset value of those portfolios more than tripled, according to consulting firm TRK Advisors.

• Credit Card Sales Tank In 2009

  CardLine | March 3

  Credit card portfolio sales, which dwindled sharply last year as the economy retracted, will remain stagnant for at least another year, one analyst says.

• Mixed Reports On Mortgage, Auto, Card Delinquency Data

  Collections & Credit Risk | March 2

  Mortgage and credit card delinquencies worsen as auto delinquencies improve, according to data from TransUnion.

• Court Approves Collection Legal Giant's Liquidation

  Collections & Credit Risk | February 27

  Legal collection giant Mann Bracken LLP, at the firm's request, will be placed into receivership and liquidated rather than filing for bankruptcy protection.