U.S. Credit Card Defaults, Delinquencies Fall to New Lows
U.S. credit card charge-offs fell to 3.91% during 2013 Q3; the 60-day delinquency rate dropped to 1.63%; the monthly payment rate (MPR) rose to 23.42%....
Reducing Student Debt, One Bank Account at a Time
College students with no bank account are significantly more likely to adopt extremely risky attitudes and behaviors towards spending, saving, and debt....
The Future of Mobile Payments
Google Wallet shows us the future of mobile payments: banks moving money around, while other companies manage the product development and customer relations....
Americans Shed Debt, but not Quickly Enough
Even after all the debt reduction that took place during the Great Recession, the debt-to-income ratio of U.S. households in 2010 was 58% higher than in 2001!...
Older Americans Get Deeper into Credit Card Debt
Older Americans have turned to credit cards for protection during the Great Recession and now owe more on plastic than the under-50 population....