Retail & Commercial

Jamie Dimon may no longer be President Obama's favorite banker, but the president is still apparently a fan of Dimon's bank.

The national credit card delinquency rate (the rate of borrowers 90 or more days past due) dropped to 0.73% in the first quarter ended March 31, from 0.78% in the previous quarter, with current levels well below historical norms, according to TransUnion's Trend Data report.

A regional credit union in Florida burned a few years ago by high counterfeit card losses says it has cut its actual losses to one-third what they were before deploying a fraud-prevention service earlier this year.

First Federal Savings Bank in Elizabethtown, Ky., is planning to sell four more of its branches as part of its ongoing effort to beef up its capital levels.

ORLANDO–Banks want to strike gold again in payments, but they are still struggling to figure out which river to pan.

Consumer credit card and mortgage spending slowed from a year ago, with the average credit card debt per consumer falling 13% to $5,650 and the average mortgage debt decreasing 3% to $166,631, according to CreditKarma.com's U.S. Credit Score Climate Report.

CFS II, a Tulsa, Okla.-based debt collection agency, is scouting offices in North Carolina to potentially open a call center with as many as 2,000 jobs, according to company officials.

An estimated 718 different collection agencies and creditors were sued between April 16-30, according to data pulled from U.S. District courts.

LOWELL, Mass. – Digital FCU christened its newest branch here, a 5,000-square-foot facility which combined with the city’s 10th Dunkin’ Donuts location at a long-abandoned property.

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