Collections & Credit Risk

Credit Card News

• Capital One's U.S. Card Chargeoffs Fall

  Collections & Credit Risk | May 15, 2013

  Chargeoffs at Capital One Financial Corp.'s U.S. card business fell to 4.61% in April from 4.69% in March, according to a Securities and Exchange Commission (SEC) filing.

• American Express CFO to Retire This Year

  Collections & Credit Risk | May 8, 2013

  American Express Co. said Chief Financial Officer Daniel T. Henry is retiring later this year.

• Data Exposed in LivingSocial Breach Could Fuel Further Attacks

  Collections & Credit Risk | May 2, 2013

  E-commerce company LivingSocial revealed last week it endured a breach in which attackers accessed its users' encrypted passwords. And while no payment data was exposed, cardholders should still be concerned.

• Amex, Cap One Results Show Consumers Still Wary of Card Debt

  Collections & Credit Risk | April 19, 2013

  U.S. consumers have yet to regain their appetite for revolving debt, a trend that's leaving credit card issuers hungry for profits.

• Increased Spending Lifts Amex Earnings

  Collections & Credit Risk | April 18, 2013

  American Express Co. posted a first-quarter profit that exceeded analysts’ estimates as consumers increased their spending on its cards.