American Bankers Association

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FDIC frustrated with perception of bank failures

AP News 30 days ago

FDIC head Sheila Bair frustrated with perception taxpayers footing the bill for bank failures With the number of bank closings above 100 this year for the first time since 1992, the head of the Federal Deposit Insurance Corp. says she's frustrated at ...

House panel approves consumer protection agency

AP News 33 days ago

House panel approves new Consumer Financial Protection Agency to police the market A federal agency to regulate home loans, credit cards, savings accounts and other financial services won the approval of a House committee on Thursday in spite of loud complaints from ...

One Million People File For Bankruptcy In 2009

consumeraffairs.com 53 days ago

Total highest since 2005 Consumer bankruptcies totaled 1,046,449 filings through the first nine months of 2009 -- the first time since the 2005 bankruptcy overhaul that filings have surged past the 1 million mark during the first three calendar quarters of a ...

Consumer Delinquencies Continue Rising In Second Quarter

consumeraffairs.com 54 days ago

Record highs in composite ratio, home equity loans and lines, and bank cards Continued job losses, shorter work weeks and falling incomes are being cited as major factors in another record rate of consumer delinquencies in the second quarter of 2009. According ...

Loan delinquencies hit record highs in 2nd quarter

AP News 55 days ago

Delinquencies on home equity loans, bank cards hit record highs in 2nd quarter Delinquency rates for three key consumer loan categories hit record highs in the second quarter, according to data released Thursday by the American Bankers Association. Rising unemployment and falling ...

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