Rising Delinquencies on Car Loans Send a Warning to Lenders
In a cautionary signal for the lending industry, auto loans delinquencies are reaching new heights, particularly among borrowers with poor credit. A study from Fitch Ratings shows that the number of subprime auto borrowers who are at least 60 days past due on their loans has reached its highest level since the agency began tracking […]
UK Regulator Challenges Interchange Fees, Dominance of Visa and Mastercard
In the latest clash over card interchange fees, the UK’s Payment Systems Regulator (PSR) has criticized Visa and Mastercard for ratcheting up fees and dominating the card market. Following a review of UK market conditions, the PSR determined that debit and credit card fees on these payment rails add an extra £170 million ($219.7 million) […]
A Robust Cyber Fusion Strategy Is Integral to Fight Fraud Threats
Cybercriminals have more tools at their disposal than ever before, and they’re using them to target consumers in increasingly complex and effective ways. However, just because one of a financial institution’s customers falls victim to a scam, it doesn’t mean it was an isolated incident. In fact, emerging technologies are allowing criminals to organize and […]