Collection Industry News

DECEMBER 7, 2021

itch Ratings-New York-03 December 2021: Both chargeoffs and late stage delinquencies hit record lows for U.S. Even as payment relief programs and federal stimulus efforts have dissipated, delinquencies continue to remain lower than in 2020,” said Poon. Source: site. credit card ABS last quarter, according to the latest U.S.

Retail 40

Retail Collections 40

Fico Collections

MARCH 23, 2023

January saw inflation slightly pegged back compared to the end of 2022; retail sales also improved marginally in the new year.

Lender 52

Lender Retail Collections Financial services 52

Fico Collections

DECEMBER 15, 2022

Wed, 05/25/2022 - 03:43. As scams grow worldwide – scams grew by 30% in two years in the UK and by 18% from 2020 to 2021 in the US – financial services institutions are looking for new tools to detect and stop them. transaction review rate than the Falcon Retail Banking fraud score. Saxon Shirley. by Scott Zoldi.

Retail 52

Retail Financial services Collections Banks 52

Fico Collections

DECEMBER 6, 2022

Tue, 03/23/2021 - 22:16. compared to Q3 2020. prior to March 2020. While unit delinquency rates exceeded pre-pandemic levels earlier this year, balance delinquency rates have lagged due to the balance paydown throughout 2020-2021. US Bankcards Industry Benchmarking Trends: 2022 Q3 Update. NicholetteLarsen@fico.com.

Student loans 52

Student loans Student Loans Loans Retail 52

Fico Collections

AUGUST 16, 2022

Wed, 05/25/2022 - 03:43. We are also observing climbing delinquency rates, which have exceeded levels seen prior to the start of the COVID pandemic (March 2020). lower than it was in January 2020. higher than June 2020. US Bankcard Industry Benchmarking Trends: 2022 Q2 Update. Saxon Shirley. by Leanne Marshall.

Credit Card Debt 52

Credit Card Debt Retail Financial services Government 52

Fico Collections

JUNE 16, 2022

Fri, 06/03/2022 - 12:48. However, unlike during the Great Recession, government stimulus and payment deferral programs kept delinquency at bay when unemployment reached its peak in 2020. compared back to March 2020 when the COVID pandemic first began. vs. March 2020 6.1%; 2-cycle: March 2022 0.75% vs. March 2020 0.77%).

Government 52

Government Financial Institution Retail Consumer Credit 52

Fico Collections

MARCH 30, 2023

The government is so concerned about cash disappearing they have written legislation that would require retailers to accept cash payments. How FICO Can Help Protect Your Customers From Scams Use FICO’s award-winning retail banking and scam detection model to identify and stop potentially fraudulent transactions.

Banks 52

Banks Education Retail Trade 52