National Credit Default Rates Flat Despite Jump in Bank Card Defaults
A measure of consumer credit defaults released Thursday by S&P Dow Jones and Experian shows a downward trend. Collection & Credit Risk
CFPB Finalizes Rule to Help Credit Card Agreement Submission Process
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. Collection & Credit Risk
Collection Practices Targeted in New CFPB Credit Card Study
The Consumer Financial Protection Bureau announced Tuesday its 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 Collection & Credit Risk
Credit Card Debt Soars; Forecast Calls for 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. Collection & Credit Risk
Credit Card Balances at Seven-Year High; Delinquency Rates Hold Steady
The credit card delinquency rate remained steady in Q4 compared with a year earlier, while total outstanding credit card balance increased 5%. The increase indicates record growth, the highest yearly jump seen since 2008, according to a TransUnion report. Collection & Credit Risk
CFPB Looks to Improve Credit Card Agreement Submission Process
The Consumer Financial Protection Bureau issued a proposal Wednesday aimed at improving the way that companies submit consumer credit card agreements to the bureau. Collection & Credit Risk
Russian Hacker Accused of Massive Card Data Breach Pleads Not Guilty
Vladimir Drinkman, a Muscovite charged in the biggest data-breach prosecution in U.S. history, pleaded not guilty to federal charges that he conspired to steal 160 million credit card numbers. Collection & Credit Risk
Credit Card Use Fuels Borrowing Jump
Consumer borrowing - including credit card balances, student loans and auto loans - increased in December, according to the Federal Reserves monthly consumer credit report. Collection & Credit Risk
CFPB Permanently Bans Texas Card Provider
WASHINGTON The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business. Collection & Credit Risk
Subprime Credit Card Company Fined $3M
A subprime credit card company in Delaware will pay nearly $ 3 million in refunds and penalties for allegedly charging fees that the Consumer Financial Protection Bureau says violated federal law. Collection & Credit Risk
