industry

Credit Union Fix May cost $9.2 bn: US Regulators

Credit unions in the US may absorb as much as $9.2 billion in losses over the next decade as the industry strives to recover from sour investments in real estate and consumer loans, US regulators said today.

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Credit Union Fix May cost $9.2 bn: US Regulators

industry

Jaime Sarrio: Credit union offers real-world lessons for students

The Tennessee Credit Union is attracting a unique base of customers by opening its newest branch in a spacious, bright building with lots of foot traffic – a school lunchroom.

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Jaime Sarrio: Credit union offers real-world lessons for students

industry

Credit union fix may cost $US9.2b

Credit unions in the US may absorb as much as $US9.2 billion in losses over the next decade as the industry strives to recover from sour investments in real estate and consumer loans, US regulators said today.

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Credit union fix may cost $US9.2b

industry

Franklin Debt Relief Worried About Future of Industry with New Debt Settlement Laws but Willing to Comply

Franklin Debt Relief, a leading debt settlement company operating nationwide, announces its support of new debt settlement laws, but is concerned that the future of the industry will be jeopardized by allowing their fees to be controlled by the credit card companies.

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Franklin Debt Relief Worried About Future of Industry with New Debt Settlement Laws but Willing to Comply

industry

Credit card debt falls to lowest level in 8 years

NEW YORK — The amount consumers owed on their credit cards in this year’s second quarter dropped to the lowest level in more than eight years as cardholders continued to pay off balances in uncertain economic times. Credit card – Debt – Personal Finance – Business – Financial services

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Credit card debt falls to lowest level in 8 years

industry

Credit-Card Customers: Not So Loyal

It seems like everyone loves to hate credit-card companies, but some firms are more unpopular than others, and the industry as a whole faces a distrusting public.

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Credit-Card Customers: Not So Loyal

industry

Debt Reduction Firms Facing New Rules & Regulations

Debt reduction firms are facing new rules set out from the U.S. Federal Trade Commission. The FTC said debt reduction companies helping consumers dig out of debt would be barred in the future from accepting payment in advance. FTC Chairman Jon Leibowitz said the industry employed “a business model based on deceit.” The rule change applies to for-profit, debt-relief firms and goes into effect Oct …

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Debt Reduction Firms Facing New Rules & Regulations

industry

Credit cards on the rebound

Credit cards, which caused losses for many American banks during the recession as cardholders defaulted at record rates, are back to producing rising profits across the industry, with the default rate falling and fewer people falling behind on their bills.

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Credit cards on the rebound

industry

Some credit card companies squeeze most responsible customers

Washington Post Friday, July 30, 2010 iStockphoto.com After the recession forced credit card companies to purge their rosters of the riskiest loans, the industry is facing a new dilemma: customers who are too good. Card issuers have long found their bread and butter in penalty fees and high interest rates paid by consumers who carry a balance. But that business model has been upended by the …

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Some credit card companies squeeze most responsible customers

industry

The Inception of New Debt Relief Programs Helps Consumers Get Out of Credit Card Debt

LOS ANGELES, CA–(Marketwire – July 28, 2010) – Throughout history debt relief has evolved and recently the industry has undergone a dramatic change due to high consumer credit card debt. Debt relief forgiveness can be traced back to biblical times in the Old Testament, when Moses declared a Holy Year to take place every year where all debts are forgiven and all slaves freed. In more recent …

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The Inception of New Debt Relief Programs Helps Consumers Get Out of Credit Card Debt

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