Analytics

The nation’s largest credit card issuers in September reported significantly fewer charge-offs than a month earlier, driving the average bankcard charge-off rate to its lowest level since 2007, according to new data Moody’s Investors Service released Oct. 26.

The recent spate of credit card portfolio sales is helping boost more than just the buyers and seller. The behind-the-scenes players are seeing potential opportunities, too.

Performance reports from Oct. 17 seemed to confirm the new equilibrium in the credit card universe.

Experian PLC published a report Monday that showed business insolvencies across the United Kingdom rose in September as the country continues to be affected by economic troubles and the euro zone crisis.

The Commercial Collection Agency Association (CCAA) of the Commercial Law League of America reported Monday that members saw a year-over-year decline of 21% in the volume of accounts placed for collection, according to Annette Waggoner, executive director at CCAA.

Data released this week by S&P Indices and Experian showed the only decrease in credit line default rates in September occurred in auto loans, which dipped to 1.29% from August's 1.31%.

The Federal Trade Commission stopped an operation that allegedly deceived consumers with misleading and unsubstantiated claims about bogus products and services, including one that supposedly would help them get free government grants and another pitching sham products - including credit cards.

The number of homes that received a first-time default notice during the July to September quarter increased 14% compared to the second quarter, according to a report released Thursday by RealtyTrac Inc.

Despite sluggish economic growth and worrisome unemployment rates, certain indicators on the eve of payment card issuers releasing third-quarter results suggest credit and debit card purchase volumes remained relatively healthy through September, according to two new reports from New York-based equity firm Keefe, Bruyette & Woods.

Leveraged loan issuance slumped in the third quarter, but the amount funded by deposit-rich banks held up and investment grade volume was healthy. Now, dollar shortages at European banks are adding a new dimension to the turmoil.

Participants in a large international credit card-skimming ring allegedly stole credit card data from thousands of U.S. and European consumers over a 16-month period, resulting in at least $13 million in losses, the Queens, N.Y. district attorney’s office announced Oct. 7.

The combined effects of tighter lender underwriting criteria and continued consumer discipline in keeping credit card accounts current drove the bankcard delinquency rate to new lows through the second quarter, according to data from the American Bankers Association.

The combined effects of tighter lender underwriting criteria and continued consumer discipline in keeping credit card accounts current drove the bankcard delinquency rate to new lows through the second quarter, according to new data from the American Bankers Association.

Consumer loan delinquencies rose for the second straight quarter a result of high unemployment and ongoing challenges in the housing market, the American Bankers Association reports.

Net interest margins came under severe pressure in the third quarter as the yield curve flattened and banks absorbed a surge of deposits. This interactive graphic displays key metrics for large bank holding companies that offer insight on which ones fared better than others.

Fees this year will surpass interest as the payment card industry’s largest income component for the first time, representing 52.7% of total revenue, according to R.K. Hammer, a Thousand Oaks, Calif.-based consultancy.

Many bank risk-management executives worry that credit card delinquency rates, which have been declining for more than two years, may begin to rise again soon if the economy does not improve, according to new FICO survey data.

Equifax's latest National Credit Trends Report indicates that the credit cycle has turned as new credit growth continues, with higher loan volumes on a 2011 year-to-date basis for multiple lending markets including: Automotive, Bankcard, Consumer Finance and Retail Card.

The U.S. average credit card charge-off rate declined in August, resuming the general downward trend of the past two years following a slight uptick in July, according to a new Moody’s Investors Service report issued Sept. 23.

Concerned customers of Web site domain provider GoDaddy.com Inc. were blazing the blog lines with questions and speculation in the wake of the company’s Wednesday announcement that 445 of its hosting merchant accounts experienced a security breach.