New Credit Rises to Six-Year High: Report
Balances on new cards are still below levels reported before the 2008 recession, despite an increase in open accounts. Collections - Credit Card
Goldman, FHFA Close in on $1.1B Settlement: Report
Goldman Sachs is in the final stages of negotiating $ 1.1 billion settlement with the Federal Housing Finance Agency, according to a news report Friday. Collections - Other Consumer
Nonbank Mortgage Lenders Livid Over FHFA Watchdog Report
Nonbank mortgage lenders are chafing at a report from a government watchdog claiming they are less regulated than large banks and pose increased risks to Fannie Mae and Freddie Mac. Collections - Other Consumer
New Credit Cards at Six-Year High; Home Finance Write-Offs Plummet: Report
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
Gains Expected in Consumer Borrowing Report
The Federal Reserve's April report on consumer borrowing, to be released late in the day Friday, is expected to show borrowing rose by $ 15.6 billion in April. Collections - Credit Card
Auto Lending at Forefront of Economic Recovery: Report
Total outstanding balances and new credit in auto lending reached record highs this year as the sector continues to lead the economic recovery, according to the latest Equifax National Consumer Credit Trends Report. Collections - Other Consumer
Lending on the Rise as Economy Recovers: Fed Report
WASHINGTON -- Lenders across the country reported increased demand from consumers and businesses, continuing a prevailing trend from earlier this year, according to a Federal Reserve report released Wednesday. Collections - Other Consumer
Poor Spending Habits Not Key Cause of Credit Card Debt: Report
A survey of working age low- and middle-income households finds that they accrue credit card debt not necessarily because of irresponsible spending habits. Collections - Credit Card
