Collection Industry News

OCTOBER 21, 2022

Year-on-year profits for the third quarter dropped across all the main financial groups on Wall Street due to slower investment banking activity and more provisioning of safety funds to cover potential loan losses, despite the fact that rising interest rates also pushed up their revenue. If the big six released $4.5 billion to $1.2

Banks 40

Banks Lender Loans Acquisition 40

Troutman Sanders

JUNE 1, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. The report said that low acquisition costs often come coupled with higher interest rates and limited opportunities to refinance.

Financial services 52

Financial services Government Foreclosure Loans 52

Credit Corp

JULY 16, 2021

During the pandemic, the REIT rightly halted acquisitions and development projects, and reduced expenses, as it focuses on improving its financial position and liquidity. Management believes, post-pandemic, investments in acquisitions, re-development, and development projects can drive returns of at least 10%. Enbridge Inc.

Acquisition 98

Acquisition Banks Trade Manufacturing 98

Collection Industry News

JUNE 14, 2021

Jason Nocera anticipated law enforcement authorities might raid his debt collecting business. Here are snapshots of some other cases against debt collectors in Western New York that the State Attorney General’s Office, Federal Trade Commission and other law enforcement agencies have pursued in the past decade: Douglas MacKinnon.

Debt collector 40

Debt collector Judgment Acquisition Collections 40

Troutman Sanders

SEPTEMBER 21, 2020

Data collected shows that U.S. The exercise evaluates the resilience of large banks by estimating their loan losses and capital levels under hypothetical recession scenarios over nine quarters into the future. The sum in July of all net foreign acquisitions of long-term securities, short-term U.S. Households.

Financial services 52

Financial services Banks Government Acquisition 52

Fico Collections

FEBRUARY 16, 2021

But more tellingly, the penalty related to the mistreatment of business and personal customers who fell behind on credit card and loan payments between 2014 and 2018 – well before many of us had even heard of COVID-19. It marks the highest fine ever issued to a lender for what it deemed a breach of consumer credit rules.

Lender 52

Lender Collections Loans Acquisition 52

Fico Collections

NOVEMBER 8, 2022

In the UK, trade bodies have called for fraud levels to be considered a national security threat. On loan applications, for example, the belief is strongest among 39% of South Africans, 31% of Brits and 27% of Germans. As a result, the last couple of years have seen fraud levels soar, erupting in some countries into a fraud epidemic.

Banks 52

Banks Financial services Acquisition Financial Institution 52