Breaking News

Chargeoffs Drain Receivables, Underpinning Card Contraction

Revolving consumer debt, mostly comprising credit card loans, fell $110 billion, or 12.7%, from an all-time peak in September 2008, to $866 billion in December 2009, according to seasonally adjusted data from the Federal Reserve.

Card Pullback Interrupts A Small-Business Lending Trend

In the 12 months through June, a steady erosion of the smallest banks' position in small-business lending stopped.

Securitization Window Stays Open for, and on, Issuers

While securitization of residential mortgages that lack government backing remains moribund, credit card and other consumer lenders have issued about the same amount of asset-backed bonds this year as they did in 2008 thanks to a federal rescue.

Issuer Receivables Analysis, Part II

Part one of our examination of prospectuses for recent credit-card securitizations focused on higher-end balance activity among the top issuers. In this installment, it’s lower-balance accounts’ turn.

Tracking Contactless Payments Growth in Europe

Reliable data is hard to come but if current reports are any indication, even a partial migration to contactless payments by the European market is still a ways off.