The biggest U.S. credit card companies saw mixed results in defaults and customer late payments in January, but the overall trend in credit quality remains on a positive trend and well below peak crisis levels. The ...

Credit card late payments slipped in May to 4.18 percent from 4.27 percent in April, marking the fourth straight month of fewer consumers making late payments of 60 days or more, according to the latest Fitch Ratings ...

The government’s primary foreclosure rescue program has permanently reduced the mortgage payments of 168,708 borrowers through February, the U.S. Treasury reported today. But the percentage of those eligible homeowners ...

Precisely when and how penalty APRs – or interest rate hikes for late payments – are applied is changing significantly beginning Feb. 22 with the arrival of credit card reform rules. Mailboxes in recent ...

Home equity loan delinquencies set a new high to 4.3 percent in the American Bankers Association’s third-quarter report on consumer loans that are late by 30 days or more. The home equity delinquency rate, ...

American Express outshined credit card competitors in November with declines in defaults and late payments – reaching new lows for the year in those two vital categories. The top credit card issuers today ...

The dip in the unemployment rate to 10 percent for November is welcome news to the major credit card issuers, who have been seeing steady increases in late payments – a signal of higher charge-off rates ahead. But ...

The Federal Reserve wants “Black Weekend” shoppers to use their credit cards wisely, so it is placing 45-second ads to drive the message home in movie theaters through Dec. 3. The ads will appear before ...

Credit card delinquencies in the third quarter fell 6 percent, compared to the previous quarter, according to an analysis by TransUnion, one of the three U.S. credit bureaus. The highest delinquency rates were in ...

Cyber Monday online sales showed healthy increases over last year, but the credit card industry is bracing for an overall  gloomy forecast: Up to one-third fewer Americans say they will put gifts on charge cards ...