The U.S. credit card industry continues its slow rebound from the financial crisis. In the second quarter, the number of open accounts rose by 24 million from a year earlier, while purchase volumes also increased significantly, according to a new report issued Wednesday by the American Bankers Association. Collection & Credit Risk
WASHINGTON — Dean Schultz, the long-time head of the Federal Home Loan Bank of San Francisco, is planning to retire next spring once his successor has been appointed, the bank said Friday. News
Parents are the strongest influence on how kids learn and think about money, and the back-to-school shopping season is a great time for some major money lessons. This year, try thinking differently about back-to-school shopping. While you plan and shop, say what you’re doing—your children are listening. You don’t have to give lectures. Just make [...]
U.S. consumer debt dropped in the last quarter for the first time in a year as mortgage originations fell to the lowest mark since 2000, according to the Federal Reserve Bank of New York's latest quarterly report. Collections - Other Consumer
Consumer borrowing in March rose by the most in a little more than a year as Americans used credit cards more often while also taking out school and auto loans, the Federal Reserve reported Wednesday. Collections - Credit Card
