Unemployment Up, Credit Card Debt Down
A general premise about credit cardholders is that there is a sincere commitment to repay. As with everything, there are...
Credit Card Collections: Safe Harbor for Work and You Get to See
My second adult job was in collections at what was then Citibank, and I remember several family members asking why...
Credit Card Disputes: The Best Line of Defense is Already in Place
There is plenty of buzz about credit card fraud these days, including the WSJ, which cites data from FIS on...
Community Reinvestment Act: Credit Cards Become Less Significant for Lenders
The Community Reinvestment Act (CRA) took force in 1977 during the Jimmy Carter administration. Civil rights in the United States...
COVID Credit Cardholders: Skipping Payments Becomes the New Normal
The WSJ reports on the wave of consumers falling back on deferments and payment holidays. It is the sign of...
Credit Card Payment Deferments: Breathing Room or Delaying the Inevitable?
The big question about COVID-19 is “when will the economic mess end?” Credit card issuers and other lenders aggressively arranged...
Disrupted Disrupters: Installment Lenders Now Wish they Were Credit Card Banks
The darlings of consumer lending, fintech lenders who shortcut the rigors of bank-grade lending, now face the challenge of surviving...
Credit Card Holders Pull Back as the Economy Tanks Under COVID-19
After spending more than enough time in risk management, one can have an informed view that credit card users care...
Loan Innovators Hope for Traditional Lender Solutions: Not a Bank But Want Similar Protection
The American Banker carries an opinion column today from marketplace lenders, hoping to receive the same consideration as bank cards...
COVID-19 Consumer Credit Relief: U.S. and Canada, the Same But Different
Banking regulators in many countries approach consumer protections from different angles as they navigate through the broad impact of COVID-19. ...
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