Higher One’s Student Debit Cards Target of Class Action Suit

Higher One’s Student Debit Cards Target of Class Action Suit

Soaring student loan debt is mostly measured in outstanding balances, but there are companies aligned with the nation’s public universities that charge student additional fees for accessing financial aid refunds ...
Credit Card Nation: 40% of Households Get By on Plastic

Credit Card Nation: 40% of Households Get By on Plastic

More than a third of U.S. households relied on credit cards to pay for living expenses, such as rent or mortgage bills, groceries, utilities or insurance, in the past year, according to a new survey on the third ...
FICO 8 vs. FICO: Splitting Hairs in Credit Scoring

FICO 8 vs. FICO: Deciphering Shift in Credit Scoring

New light was shed recently on the credit scoring standard known as FICO, or FICO 8, to use the upgraded methodology’s proper name. Most credit consumers aren’t even aware that there was a shift in the most ...
HARP 2.0, Record Low Rates Fuel Refinancing Boom

HARP 2.0, Record Low Rates Fuel Refinancing Boom

Fixed mortgage rates have hit new lows for three straight weeks, fueling what seems to be a rarity in the post-crisis market – a sustainable refinancing wave. The boom is being bolstered by several factors, including ...
Short Sales Could Outnumber REOs in Some States: RealtyTrac

Short Sales Could Outnumber REOs in Some States: RealtyTrac

A wave of short sales is helping ease the number of completed foreclosures and soon may outnumber sales of bank-owned properties, or REOs, in some states, according to the real estate site RealtyTrac. Foreclosure ...
TransUnion: Credit Card Late-Pays, Debt Declining

TransUnion: Credit Card Late-Pays, Debt Declining

The national credit card delinquency rate, measuring loans 90 or more days past due, dropped to 0.73 percent in the first quarter of 2012, from 0.78 percent in the previous quarter, according to the credit bureau ...
Chase Freedom Index: Leisure Lifestyle Spending Surges

Chase Freedom Index: Leisure Lifestyle Spending Surges

During the first quarter, Chase Freedom card members spent 24 percent more at movie theaters, 21 percent more on theme parks and 7 percent more on recreational activities – compared to the same period in 2011. Those ...
Home-Builder Confidence Index Hits 5-Year High

Home-Builder Confidence Index Hits 5-Year High

A national index that measures builders’ confidence in the market for newly built, single-family homes gained five points this month, its strongest reading since May of 2007. The National Association of Home Builders/Wells ...
Demand Prolonging Average Refinance Timetable to 70 Days

Demand Prolonging Average Refinance Timetable to 70 Days

The nation’s largest mortgage lenders are taking an average of more than 70 days to complete a refinance, up from 45 days a year ago, according to Accenture Credit Services. The prolonged timetable is a result ...
Beyond HARP: Obama Calls for Refinancing Plan for Millions

Beyond HARP: Obama Calls for Refinancing Plan for Millions

President Obama is pushing for Congress to help expand mortgage refinancing to millions of borrowers with loans not backed or owned by Fannie Mae and Freddie Mac – and those who cannot currently take advantage ...
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