Analytics

The college crowd isn't as hip with credit card issuers these days.

Nationstar Mortgage is not liable under the Fair Debt Collection Practices Act (FDCPA) for a class action lawsuit that claims the company mailed several hundred thousand deceptive letters to Texas homeowners, according to U.S. District Judge Xavier Rodriguez in San Antonio.

TransUnion plans sell up to $325 million in stock in an initial public offering. In a filing with the Securities and Exchange Commission on Tuesday, the Chicago-based company said it plans to use the proceeds to reduce “a substantial amount of indebtedness” and for general corporate purposes.

Expansion in C&I portfolios appears to have cooled a bit, but declines in other major loan categories moderated.

U.S. consumer bankruptcy filings totaled 709,303 nationwide during the first six months of 2011, an 8% decrease from the 770,117 total consumer filings during the same period a year ago, according to the American Bankruptcy Institute (ABI).

Consumer credit card growth, which has been on the decline for about three years, could be showing signs of life again, according to data Equifax Inc. released July 1.

In its latest national, monthly report on consumer credit trends, Equifax reports that U.S. consumer credit continues to show signs of improvement as the recovery progresses, even with strong unemployment and housing headwinds.

The percentage of mortgages held by Fannie Mae and Freddie Mac that are 90 days past due or in foreclosure have fallen more than a point in the last year.

Recent stock sales impacted bank issuers differently, depending on why they came to market. But nearly all of them outperformed the KBW Index in the ensuing month, even those suffering heavy dilution.

For most large companies, products and services are what cements a strong reputation. Not so for banks. At least since the crisis, consumers have cared more about the governance of banks. And even more than governance, what they care about now is performance.

Call it cash-back rewards for credit card lenders.

Call it cash-back rewards for credit card lenders.

Cards have accounted for nearly all the loss allowance reductions at B of A and JPMorgan Chase over the last five quarters, and loan performance continues to improve.

Lenders’ tighter credit card underwriting rules to control risk during the recession put pressure on consumers seeking new credit lines, but the restrictions also are driving criminals who prey on new accounts to find new hunting grounds.

Bankcard issuers are likely to face steep challenges in getting credit card spending back on track after the economic downturn, as various economic indicators suggest consumers are more cautious than ever about their card spending, one analyst contends.

Most high school students believe credit card companies often entice consumers into shouldering more debt than they can handle, new survey data released June 23 suggest.

Reserve releases are an exhaustible resource, but, with chargeoffs falling steeply, they are poised to fuel earnings for some time to come.

JPMorgan Chase & Co. reportedly has abandoned more than a thousand debt-collection lawsuits across the U.S. that sought to recover soured credit-card loans from borrowers, according to Dow Jones.

Experian, a credit-reporting firm, announced Thursday the availability of a Market Insight Snapshot report that analyzes strategic defaulters and provides recent findings on the profile of these individuals.

A total of 360,083 North American Citigroup credit card accounts were affected by a recent breach of customer's names, emails, account numbers and transaction histories. This is a breach that could have been avoided by inserting simple access controls.