A key index that measures small business lending rose 16% in September, its second consecutive month of double-digit increases. That rise in the Thomson Reuters/PayNet Small Business Lending Index is a strong signal that the U…
After a 16-day review of its foreclosures, Bank of America says it found no problems with any of them, and now it’s ready to resume processing the paperwork. But that’s a claim so unbelievable it doesn’t pass the straight-face …
Capital One (COF) said its credit card defaults rose slightly in September, a sign that more people may be struggling to repay their debts.
Capital One said its annualized net charge-off rate, a measure of the debts the company does not expect to ever be paid off, was 8.38% in September, Reuters reported. The rate was 8.19% in August.
Capital One is the third-largest U.S. issuer of…
Continue reading Capital One Says Credit Card Defaults Rose Slightly in September
Capital One Says Credit Card Defaults Rose Slightly in September originally appeared on DailyFinance on Fri, 15 Oct 2010 08:29:00.
For a growing number of U.S. college graduates, a diploma marks the beginning of financial difficulties. The Education Department says those who were scheduled to begin paying back their student loans in 2007 were 52% more like…