Consumers appear to be paying their bills, with the American Bankers Association finding consumer delinquencies fell last quarter to the lowest point in 15 years or more. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Fannie Mae is casting a wider net when it comes to scrutinizing credit details, according to The New York Times. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
Americans are carrying more debt than ever before and paying some of the highest credit card rates every recorded, according to new data. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...
After a long period of low interest rates, the Fed might decide on an interest rate hike following indications of inflation, but no announcement is expected by the Fed at its policy meeting next week.
Could tax liens and judgments soon be excluded from credit risk calculations? Both have an impact on people’s credit scores, making it harder for some people to access credit. But tax-lien and civil-judgment data are used to measure credit risk because they are highly predictive of default,...
Credit card issuers will be encouraged by the latest data from The New York Fed. Credit card use, after many years of slowdown after the financial crisis of 2008, is now exploding. But dig deeper into the numbers and you’ll find cause for concern. Among the Millennial...
Prudential Financial is gearing up to release findings from what it said is one of the largest ever surveys of financial experiences and behaviors among Asian Americans and Pacific Islanders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Consumers appear to be throwing caution to the wind now that the pain of the 2007 to 2008 recession has subsided to a dull ache; credit card debt is rising at a troubling rate. Meanwhile, Nancy Bush, a banking analyst at NAB research, is warning...
Homeowners wouldn’t think twice about refinancing their mortgage into a lower interest rate loan, nor would unsecured debt holders when it comes to consolidating their debt so they pay and owe less. But when it comes to student loans, millennials are actually balking at refinancing...
