Banks Pay $73M in 2010 for Issuing Credit Cards to College Students
College organizations were paid $73M for the issuance of credit cards to students by 19 issuers in 2010; $55.6M of that was paid by a BofA subsidiary....
Tag: credit card statistics
U.S. Credit Card Debt Up at Fastest Clip in 3 Years
The aggregate volume of U.S. consumer credit card debt in May rose by 5.1%, the fastest clip since June 2008, or $3.3B, lifting the total to $793.1B....
Credit Card Delinquencies Rise Slightly, Still at Historic Low
The aggregate delinquency rate on U.S. consumer loans rose slightly to 3.4% in Q1 2011, but is still well below the average of the past 15 years....
Americans Get More Credit Cards, Much Better Terms
Even as Americans continue paying off credit card debt, they have also begun opening up new accounts at a much faster rate than we've seen in a while....
Credit Card Issuers Do Poorly at Detecting, Well at Resolving Fraud
Criminals are getting better at stealing card account information, while banks and consumers are simply not doing enough to protect their data....