A national measure of consumer credit defaults – when borrowers stop paying back loans – recorded increases in most loan types for December, and a fourth straight month in first mortgage defaults. Bank card ...

Citigroup’s loan business improved in the fourth quarter as consumers did a better job of paying down their credit card balances, but the nation’s third largest bank by assets was hurt by investments and missed ...

You’ve probably already seen the promotion in your e-mail inbox, your actual mailbox or on countless website ads: A $100 “cash back bonus” if you sign up for a credit card. Three of the biggest card issuers ...

Record loan growth and declining delinquencies lifted Discover Financial Services to a net income of $513 million for the fourth quarter ending Nov. 30, a 47 percent jump from $350 million for the same period of ...

Credit card customers more than 60 days late on their payments hit a 23-month low in August, according to Fitch Ratings. These “late-stage” delinquencies have decreased every month of 2010, compared to each ...

Mortgage delinquencies – borrowers 60 or more days past due – posted a 14.8 percent increase in the second quarter of 2010 compared to the same quarter last year, according to credit reporting bureau TransUnion. The ...

A new telemarketing sales rule prohibits for-profit companies that sell debt relief services over the telephone from charging an upfront free, according to the Federal Trade Commission. Starting Oct. 27, these companies ...

Hurt by a big drop in trading revenue, Citigroup reported a 37 percent slide in second-quarter profit to $2.7 billion, or 9 cents a share, compared to $4.28 billion, or 49 cents, a year ago. Citigroup results topped ...

Lower costs to cover bad loans helped Bank of America beat estimates with second quarter net income of $3.12 billion, or 33 cents a share, down slightly from $3.22 billion reported a year ago. But future uncertainty ...

Bank-issued credit card delinquencies dipped slightly in the first quarter of 2010 – the first time such late payments have fallen below 4 percent since the second quarter of 2002, according to the American Bankers ...