Delinquencies

More U.S. consumers are defaulting on their credit cards, but banks may be holding onto the riskiest loans instead of passing them off to investors, according to a report from Barclays.

Thirty-day delinquency rates, a harbinger of future write-offs, also increased at all seven of the largest U.S. card issuers in the first quarter.

Credit union share of the credit card market is at a record high but there are concerns that this debt could begin to sour if the economy turns.

Credit union professionals offered insights into how technology is changing the collections process during the recent National Credit Union Collections Alliance conference in Las Vegas.

CUNA Mutual Group's February trends report showed that growth in auto loans, mortgages and membership had slowed.

Wells Fargo and the denial stage of recovery; community bankers alarmed after big banks backtrack on faster-payments pricing; credit card, auto loan delinquencies hit seven-year high; and more from this week's most-read stories.

More consumers were late in paying two major types of loans in the latest figures from the American Bankers Association, but it appears to be a relatively isolated problem.

Credit unions in those two states also posted double-digit growth in total loans and recorded lower delinquency rates.

AI can help reduce risk, make more loans and find ideal members for credit unions.

Recent data from the National Credit Union Administration breaks down which states surged and which states struggled in 2018.