Banks are desperately rethinking their debt management strategies and implementing new technology to assist them in riding out the credit turbulence that's hit the industry.

Time was when a lender could issue consumers credit cards and be fairly confident of receiving payments each month according to terms. Not so today: Rising consumer credit delinquencies are seriously undermining the confidence creditors once held dearly, and forcing many to rethink their strategies for managing consumer debt loads.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.