The Federal Reserve Bank of New York has put together a dynamic map detailing mortgage and bank card delinquency rates by county in the United States. I thought some readers might be interested:
You can check out the credit conditions map here.

Analyst Meredith Whitney today predicted that credit card companies would cut open credit lines for American consumers by $2 trillion dollars over the next eighteen months.  That’s 45 percent of the available credit for consumers.  You can read more about her prediction at CNBC or Bloomberg.
It is unfortunate that credit card companies will be cutting [...]

Over the past month, I’ve expressed both disappointment that the government is funding our credit card issuers and optimism that the financial institution bailout through TARP funds and credit asset securitization might be conditioned on reforms in the credit card industry.
The USA Today had an article on Friday titled Support for consumer lending could curb [...]

My apologies for the downtime over the Thanksgiving weekend.  Credit Card Debt Law was the victim of a wordpress hacker who has hidden some drug spam on the single page posts and the archive pages.  I’m working to fix it this weekend.  Hope everyone had a happy thanksgiving!

I spent some time listening to the Congressional hearings concerning the auto bailout yesterday and it was interesting to hear the differences in expectations among the automakers for 2009.  When asked to disclose the amount of money which each of the Big Three would need in order to bridge the gap to 2010 (although they [...]

Back in July, Citigroup announced that it was reconsidering its policy not to increase interest rates at any time for any reason.
There are reports today that it is increasing interest rates on up to 20 percent of its issued credit cards by an average of 3 percentage points.  Here’s the news story.  It seems to [...]

The news broke last night that the U.S. Government had rejected the credit card debt forgiveness program proposed by a coalition of the credit card companies and consumer advocates, according to the Associated Press.
As I observed in my recent post on credit card debt forgiveness that responded to credit card industry claims that there was [...]

My post yesterday on the bailout of credit card companies through the use of TARP funds couldn’t have been better timed.  Today, Treasury Secretary Henry Paulson announced that the Treasury and the Federal Reserve are considering a plan to purchase securities backed by, among other things, credit card debt.  That’s right.
The government has already forgotten [...]

American Express, yesterday, received approval from the Federal Reserve to transform itself into a bank holding company in order to potentially qualify for billions of dollars from the recently adopted bailout plan.  Why not?  If the automakers can get money under the bailout, let’s just toss in a few credit card companies as well!
The money [...]

A number of visitors to Credit Card Debt Law recently have been looking for additional information on the Credit Card Debt Forgiveness Program that has been discussed in various newspapers recently after the Consumer Federation of America and the Financial Services Roundtable sent a letter to the Office of the Comptroller of the Currency in [...]