Fifth of Hong Kong Credit-Card Holders Can't Pay Minimum, Standard Reports
Twenty-one percent of Hong Kong credit-card holders canGCOt meet their minimum payment, and 70 percent pay only the minimum, the cityGCOs Standard newspaper said, citing a University of Hong Kong study that interviewed 506 cardholders.
Overall consumer credit growth is likely to moderate in the coming months: TD
Household credit continued its strong growth while business credit continued to contract, in July, but TD Bank economists see signs these trends are turning.
Schumer asks Fed to police business credit-card marketing
NEW YORK GCo U.S. Sen. Charles Schumer called on the Federal Reserve Wednesday to step in to help individuals avoid opening corporate credit cards that come with fewer protections than cards meant for consumers.
Credit card shares up with lower delinquencies
NEW YORK (MarketWatch) -- Shares of several credit card lenders were trading higher late Tuesday afternoon on reports of lower monthly delinquency rates in May. American Express Co. reported a 30-day delinquency of 2.9%, down from 3.1% in April. Discover Financial said 4.95% of its credit card loans were more than 30 days overdue, compared to 5.2% in April. Capital One Financial showed similar ...
Credit Card Shares Up With Lower Delinquencies
Credit Card Shares Up With Lower Delinquencies
Chase reports lower credit card losses, slowing rate of late payments in May
NEW YORK - JPMorgan Chase wrote off fewer credit card balances in May, and the rate of late payments fell, adding further evidence that consumers are getting a better handle on paying their bills.
