The total national loan delinquency rate (loans 30 or more days past due, but not in foreclosure) fell to 4.31 percent, a 0.98 percent decline, in February. This is a year-over-year drop from last year of 5.51 percent. Foreclosure sales dropped month-over-month to 1.87 percent, a decline of 16.23 percent, but increased year-over-year by 0.22 percent.

We may be heading toward an inflation bubble, Bloomberg reports. Nominal yields on five-year Treasuries are negative when adjusted for the price outlook, and on the Federal Reserve’s gauge to measure long term inflation expectations, the rate projected for 2022 ...

On Tuesday, the Subcommittee on Oversight and Investigations of the Committee on Financial Regulations held a hearing on the constitutionality of the Consumer Financial Protection Bureau. The hearing was aptly titled “The CFPB’s Unconstitutional Design.” Subcommittee Chairwoman Ann Wagner’s opening ...

Bank card default rates went up by one basis point to 3.22 percent between February and January, according to S&P/Experian Consumer Credit Default Indices. February’s 3.22 percent default rate is a 44-month high, the highest rate since July 2013. Interest ...