The credit card market gained strength in last years third quarter, with more new accounts and higher monthly purchase volumes across all risk categories, according to the American Bankers Associations latest Credit Card Market Monitor. Collection & Credit Risk
Despite turmoil in the auto loan market - delinquencies are up, more people are losing their cars to repossession - Santander Consumer USA still had few problems finding buyers last week for a bond deal consisting of auto loans to credit-troubled borrowers. Collection & Credit Risk
A Washington state law that restricts payday loan marketing to poor families has caused the states payday lenders to lose three-quarters of their business in the five years since it was enacted, according to published reports. Collection & Credit Risk
One reason so many federal thrifts have switched to other charters is that the Qualified Thrift Lender test impedes their commercial lending. However, a top regulator says he wants it eliminated. News
