Homeowners Win U.S. High Court Clash on Canceling Mortgages
The U.S. Supreme Court gave homeowners more ability to cancel their mortgages if lenders don't provide the required disclosures, in a setback for the banking industry. News
The U.S. Supreme Court gave homeowners more ability to cancel their mortgages if lenders don't provide the required disclosures, in a setback for the banking industry. News
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
The gap between high income and middle- and lower-income families' wealth is growing as the economy recovers from the economic downturn, according to a study. Collection & Credit Risk
Supreme Court justices appeared skeptical of both sides during oral arguments on Monday in a case that could shape whether regulators have to ask for public feedback before significantly changing a rule. News
Balances on new cards are still below levels reported before the 2008 recession, despite an increase in open accounts. Collections - Credit Card
Total outstanding U.S. auto loans reached a record high of $ 902.2 billion through April, an increase of more than 10% from the same time a year earlier, according to the latest Equifax National Consumer Credit Trends Report released Thursday. Collections - Credit Card
The total number of new bank-issued credit cards in Q1 is 11.3 million, a six-year high and an increase of 17.2% from the year-ago period, according to the latest Equifax National Consumer Credit Trends Report. Collections - Credit Card
U.S. consumer daily spending jumped in May, fueled by highest three-day average since 2008. Collections - Credit Card