Consumers now more conscious of keeping tabs on credit

The recent economic downturn forced many consumers across the country to drastically reconsider the ways in which they approach many aspects of their finances, and that includes taking greater caution where their credit is concerned. Now, new data shows that many consumers have taken a firmer hold of the reins when it comes to keeping […]

arrow Read this post

Consumer credit health expected to improve slightly in next six months

The economy has generally been improving for some time and that has been reflected in the health of consumers' credit. New data shows those trends will continue, somewhat, at least through the end of the first quarter of next year. Though all the final data isn't out yet, a number of risk management professionals believe […]

arrow Read this post

Is more government control of swipe fees needed?

The fees that merchants pay every day when they accept a payment made with a debit or credit card have been in the news a lot lately, and now one federal lawmaker says it may be time for more oversight of these charges. The one-year anniversary of new federal regulations that placed a cap on […]

arrow Read this post

Banks trying to entice wealthy, creditworthy homebuyers

These days, many experts are still wondering about the potential recovery of the housing market, and some say lending restrictions remain too tight. However, a few major banks are making it easier for the most creditworthy and wealthy borrowers to obtain new mortgages. Consumers who do lots of business with their banks or have large […]

arrow Read this post

CFPB asked to eliminate proposed mortgage rules

The federal watchdog agency in charge of protecting consumers' financial standing has been busy proposing a number of new rules, but one special interest group says that some of them don't go far enough in extending safeguards to potential homebuyers. Americans for Financial Reform, a consumer group that aims to significantly overhaul the financial system […]

arrow Read this post

Despite struggles, housing market showing signs of improvement

The overall economy has continued to move along a path of somewhat slow growth during the past several months, with jobless claims and unemployment remaining well above the levels present before the impact of the recent recession. However, a number of reports have found that the housing market, which was one of the major causes […]

arrow Read this post

Credit card use, other borrowing grew again in August

The amount of credit card debt and other loan balances carried by Americans rose once again in August, driving consumer credit considerably higher. Borrowers across the country owed more on both their credit cards and non-mortgage installment loans in the month of August, and consumer credit climbed 8 percent as a consequence, according to the […]

arrow Read this post

Introductory rates are making a comeback

In the past, many consumers' credit cards came with initial offers with relatively low interest rates for the first several months, but those went away during and following the recent recession. Now, however, those types of offers are making a comeback, according to a report from ABC News. Data from the market research firm Ipsos […]

arrow Read this post

Experts concerned over college students’ credit card habits

Currently, there are federal laws in place that prevent many young adults from getting credit cards on their own until they turn 21, but some can get around those safeguards, and find themselves in serious debt if they're unprepared. Data from a study at the University of Alabama shows that many times, college students who […]

arrow Read this post

Retail group receives clearance to fight swipe fee agreement in court

A recent settlement between a number of retail groups involved in a class action suit and the world's two largest payment processors has drawn some ire from many major merchants, and now an influential organization may try to block it in court. The National Retail Federation recently announced that it received clearance from its board […]

arrow Read this post