PaymentsSource

Risk & Analytics

• Consumer Confidence Stabilizes In August After Three-Month Slide, Discover Says

  PaymentsSource | September 1

  Consumer confidence in the economy in August stabilized after declining for three consecutive months, although the number percentage of consumers rating their personal finances as poor rose, according to new survey data Discover Financial Services released Sept. 1.

• Card Charge-Offs Fall To 16-Month Low, Fitch Says

  PaymentsSource | September 1

  The average charge-off rate on U.S. consumer credit cards in July fell to a 16-month low, while delinquency rates also were better as credit card-portfolio health continued to improve, Fitch Ratings reported Sept. 1.

• Card Debt Continues To Drop, TransUnion Data Show

  PaymentsSource | September 1

  The average credit card borrower debt during the second quarter ended June 30 dropped for the fifth consecutive quarter, to $4,951, down 4.1% from $5,165 the previous quarter, according to a TransUnion analysis of credit card trends.

• Credit Losses Could Stay High Longer In This Cycle

  PaymentsSource | September 1

  The banking industry's loan losses could stay elevated for years, recent federal data suggests, even after appearing to peak in late 2009.

• Consumer Confidence Improves After Two-Month Decline

  PaymentsSource | August 31

  Consumer confidence improved slightly in August, reversing directions after declining in both June and July, The Conference Board Inc., a New York-based research organization, reported Aug. 31.

• Texas AG Charges Mortgage Servicer With Illegal Collections

  Collections & Credit Risk | August 31

  American Home Mortgage Servicing Inc. faces charges of using unlawful and aggressive collection tactics and improperly misleading homeowners. [FREE]