PaymentsSource

Risk & Analytics

• Revolving Credit Drops For 16th Consecutive Month

  Collections & Credit Risk | March 10

  U.S. revolving credit fell to $864.4 billion in January from a revised total of $866.1 billion in December, marking the 16th consecutive month that saw Americans shed credit card debt, according to the Federal Reserve. [FREE]

• Identity Theft, Collections Top FTC's Complaint List

  Collections & Credit Risk | February 24

  Identity theft and collections ranked first and second on the Federal Trade Commission's list of top complaints consumers filed with the agency in 2009. [FREE]

• Three Collection Firms Reach Settlements With West Virginia AG

  Collections & Credit Risk | February 18

  West Virginia Attorney General Darrell McGraw's office has reached settlements with three collection companies being investigated for their collection activities in the state. [FREE]

• Collections Ponzi Scheme Leads To Guilty Plea

  Collections & Credit Risk | February 18

  A Buffalo, N.Y. debt collector pleaded guilty Wednesday to bilking Citizens Bank and 17 investors in a fraud that cost the victims an estimated $440,000. [FREE]

• Credit Scores Drop Nationwide; Consumers Lower Card Debt

  PaymentsSource | February 17

  The average credit score for U.S. consumers dropped two points to 669 at the end of January from 671 at the start of the year, according to a report released today. [FREE]

• Prices Rise As Demand Strengthens For Troubled Assets

  American Banker | February 11

  Banks saw modestly better prices for troubled loans last quarter thanks to stronger demand from vulture investors, home builders and other buyers. [FREE]