WASHINGTON Large mortgage servicers continued to shed delinquencies as overall loan performance improved in the fourth quarter, the Office of the Comptroller of the Currency said Friday. Collection & Credit Risk
Former Congressman Barney Frank, co-author of the Dodd-Frank Wall Street Reform Act, is not opposed to changes in the eponymous legislation, but in some cases he thinks the rules should be tightened, rather than loosened. News
The sharp nationwide drop in gas prices is allowing more U.S. consumers to stay current on their debts, according to a new report from the American Bankers Association. Collection & Credit Risk
An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%. News
Sears' Kmart discount chain, the latest victim of hacker attacks on retailers, said it detected a security breach this week and is investigating the incident with law enforcement officials. Collection & Credit Risk
The gradual improvement in Americans' financial situations has led to a record low level of delinquency rates. Collection & Credit Risk
The Consumer Financial Protection Bureau is allowing lenders to skip the ability-to-repay rule when transferring a loan to the kin of a deceased borrower or for other life events. News
WASHINGTON -- The Consumer Financial Protection Bureau issued a statement Thursday saying a Supreme Court decision issued earlier that day involving presidential recess appointments did not have any impact on the agency's previous rulemakings. Collections - Other Consumer
