Consumer Delinquencies Stay Near Record Lows

Bank card and closed-end loan delinquencies increased in last year’s fourth quarter but were still near record lows, as stated by the American Bankers Association’s Consumer Credit Delinquency Bulletin.

Consumers are Too Confident about Finances: Survey

Ninety-two percent of Americans are “very or somewhat confident” in their most recent large fiscal decision – such as deciding a charge card, purchasing an automobile or refinancing a mortgage, based on a survey by the National Foundation for Credit Counseling and NerdWallet.

New Credit Rating Grown for the Underbanked

Fair Isaac is developing a credit rating aimed at the huge numbers of individuals who are not able to acquire auto loans, charge cards and mortgages because lenders consider them to be overly speculative.

Payment Processors Settle Charges

CardFlex Inc. and its principals have settled charges that they illegally processed more than $26 million in consumer costs on behalf of a firm called I Works.