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
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
Join us for a Credit Union Advisory Council meeting with Director Cordray on Thursday, March 12 from 3 to 5 p.m. EST. During this meeting we will discuss the role of credit unions in cultivating consumer financial education and financial capability. Consumer Financial Protection Bureau Auditorium 1275 First Street NE Washington, D.C. 2002 Washington, DC [...]
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
Consumer credit default data through January shows a slight upward move in default rates from lows experienced last year, according to Tuesdays report by S&P Dow Jones Indices and Experian. Collection & Credit Risk
More than 50 million consumers now have free and regular access to their credit scores through their monthly credit card statements or online, the Consumer Financial Protection Bureau reported Thursday. Collection & Credit Risk
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
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
Wells Fargo Bank will pay $ 4 million for credit card-related violations uncovered by a New York Department of Financial Services examination of the bank's former affiliate, according to New York officials. Collection & Credit Risk
The S&P/Experian Consumer Credit Default Indices, a measure of changes in consumer credit defaults, continued to show an increase in default rates through December, according to data released Tuesday by S&P Dow Jones Indices and Experian. Collection & Credit Risk
