Quantcast
Overall Consumer Credit Defaults Down Slightly
A measure of consumer credit defaults released Thursday by S&P Dow Jones and Experian shows a slight downward movement.  more »
The Consumer Financial Protection Bureau issued a final rule Wednesday aimed at improving the way that companies submit consumer credit card agreements to the Bureau. more »
Bloomberg News
MasterCard Inc. and Target Corp. are in talks about a settlement in which the retailer would pay banks about $20 million for costs they incurred in its 2013 data breach, a person familiar with the matter said. more »
Bank card and closed-end loan delinquencies rose in last year’s fourth quarter but were still near record lows, according to the American Bankers Association’s Consumer Credit Delinquency Bulletin. more »
Consumer borrowing to a record high in February, fueled by a large jump in auto and student loans. The value of non-revolving debt climbed by the most since July 2011. more »
Ninety-two percent of Americans are "very or somewhat confident" in their most recent big financial decision - such as picking a credit card, buying a car or refinancing a mortgage, according to a survey by the National Foundation for Credit Counseling and NerdWallet. more »
Fair Isaac is developing a credit score aimed at the millions of people who are unable to obtain credit cards, auto loans and mortgages because lenders consider them to be too risky. more »
CardFlex Inc. and its principals have settled charges that they illegally processed more than $26 million in consumer charges on behalf of a company called I Works. more »
A federal court has halted the operations of a company that calls itself "FTC Credit Solutions." The company allegedly used false affiliation with the FTC to market bogus credit repair services to Spanish-speaking consumers. more »
The credit card market gained strength in last year’s third quarter, with more new accounts and higher monthly purchase volumes across all risk categories, according to the American Bankers Association’s latest Credit Card Market Monitor. more »
A federal class-action lawsuit alleges credit bureau TransUnion illegally charges $10 before it places security freezes on the files of people who are dealing with identity theft. more »
The Consumer Financial Protection Bureau announced Tuesday it’s adding two new topics - debt collection practices and ability-to-repay standards - to a planned second credit card market study that could lead to new rules and enforcement actions more »
U.S. credit card debt jumped by $57.1 billion - up 47% - in 2014 compared to 2013 and the forecast calls for the total to reach $60 billion this year, according to a new survey from CardHub. more »

Email Newsletters

Get the Payments Update and the Morning Scan when you sign up for a free trial.

Already a subscriber? Log in here
Please note you must now log in with your email address and password.