Remove changes-in-tax-rates-for-2023
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US Bankcards Industry Benchmarking Trends: 2023 Q1 Update

Fico Collections

2023 started off with unexpected growth, mild recession still predicted this year Reviewing earlier forecasts, many economists were predicting a mild recession to begin in the first quarter of 2023. The numbers: First quarter 2023 GDP released by the U.S. The unemployment rate dropped from 3.6% by the end of 2023.

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Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover

True Accord

2023 brought a whirlwind of an economy, and we spent most of the year trying to predict when things would finally turn around. Despite the optimism, consumers are still battling high prices and interest rates, though the holiday shopping numbers would make you think otherwise. and the economy grew at an annual rate of 4.9%

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On December 1, the OCC announced that it is publishing its assessment rates for the 2024 calendar year. The OCC is maintaining the 2023 rates in the general assessment, independent trust, and independent credit card fee schedules, and is not adjusting assessment rates for inflation. For more information, click here.

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New Small Business jobs being held back by late payments

UK debt collections

percent y/y) and retail (-3.9 percent y/y) and retail (-3.9 This tight labour market has continued to push up wages for small businesses, however, the rate of growth has slowed slightly. After 14 months of year-on-year (y/y) decline, small businesses finally saw tentative jobs growth in June, increasing by 1.1 percent y/y).

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

The CFPB found that the entities violated the Military Lending Act by extending prohibited title loans to military families and, oftentimes, by charging nearly three times over the 36% annual interest rate cap. For more information, click here. For more information, click here. For more information, click here.

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Troutman Pepper Weekly Consumer Financial Services Newsletter

Troutman Sanders

On May 3, the Securities and Exchange Commission (SEC) published a final ruling on changes made to the Form PF. On May 2, the White House published a blog post, titled “The DAME Tax: Making Cryptominers Pay for Cost They Impose on Others.” The White House estimates that the DAME tax will raise $3.5

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Analysis: Money market woes cast shadow over $1.6 trln UK commercial property sector

Collection Industry News

As homeowners reel from a sudden surge in mortgage costs, a spike in five-year UK swap rates has also sent chills across Britain’s $1.6 Data from MSCI, which tracks monthly changes over 1,794 properties valued at around 37 billion pounds ($42 billion), showed values fell by 2.6% and Hammerson (HMSO.L)

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