Inside Card & Creditor Receivables from insideARM

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December 2008 | creditor Highlights from insideARM

In this month's edition of Inside Card & Creditor Receivables, consumer finance analyst Dimitri Michaud looks at the current state of the consumer at the intersection of bankruptcy filings and unemployment.

We are also featuring an article that explores the ramifications of the FTC's new Red Flags Rule for creditors, going into effect next year.

Please be sure to check out the most popular recent bank and credit card-related news items from insideARM.com at the bottom of the newsletter.

This Month's Featured Articles

The Labor Market And The November Bankruptcy Risk Reading

As November came to an end, the national unemployment rate reached 6.7% for the first time since September of 1993. Further, as the number of unemployed Americans rose to over 10.3 million, the number of underemployed also rose to over 7.3 million individuals – the largest number ever reported for this figure. In total the December labor market has nearly 17.7 million Americans either unemployed or underemployed heading into the holiday season.

Read the whole story →

How the New Red Flag Rules Impact Your Business

The Red Flag Rules are rules that apply to financial institutions and creditors who offer or maintain one or more covered accounts. The rules specifically mandate that these financial institutions and creditors create and implement identity theft prevention programs to identify, detect and respond to patterns, practices or specific activities that could indicate identity theft.

Read the whole story →

Most Popular Recent creditor News

From insideARM

	Capital One Card Charge-Offs Hit Nearly 7 Percent in November
	Chevy Chase Bank Deal Advances Capital One Diversification Strategy
	Fitch: U.S. Retail Credit Card Chargeoffs to Surge
	The Debt Sales Market is Turning Again
	Credit Card Debt and Delinquencies Increase in Third Quarter: TransUnion
	New Subprime Small Business Loan Program Gets ABA Endorsement
	Consumer Credit Drops $3.5 billion in October
	Declining Credit Card Growth 2008: A (Leaking) Glass Half Full
	Debt Settlement Association Pushing for Regulation, Standardization
	Americans Want More Regulation for Banks: Harris Poll
	FDIC Eases Rules on Failed Bank Asset Purchases

What Do You Think?

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