Troutman Sanders

MAY 9, 2023

On May 1, the Federal Trade Commission (FTC) announced a permanent ban from debt relief telemarketing for operators of debt relief scam. The FTC charged the defendants with taking tens of millions of dollars from people by falsely promising to eliminate or substantially reduce their credit card debt.

Financial services 52

Financial services Student Loans Student loans Loans 52

Troutman Sanders

MARCH 3, 2023

According to the CFPB, on average, BNPL borrowers were much more likely to be highly indebted, revolve on their credit cards, have delinquencies in traditional credit products, have lower credit scores, and use high-interest financial services such as payday, pawn, and overdraft compared to non-BNPL borrowers.

Credit Card Debt 52

Credit Card Debt Retail Financial services Credit Bureau 52

Fico Collections

JANUARY 26, 2022

In 2021, the financial services world continued to grapple with the uncertainty brought on by year two of the COVID-19 pandemic. In the first post of the series addressing whether minimum scoring criteria limits the consumers’ access to credit, Joanne Gaskin wrote: Simply put, the answer is no.

Credit Bureau 52

Credit Bureau Lender Credit Card Debt Consumer Credit 52

Collection Industry News

MARCH 30, 2025

Increasing consumer debt levels are likely to propel the growth of the debt collection agencies market forward. Due to rising living expenses, easier access to credit, and post-pandemic reliance on loans, consumer debt levels are increasing.

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Collection Agencies Collections Agency Collections Financial Institution 40

Fico Collections

MAY 19, 2021

Or they may unintentionally sell it to criminal gangs, which then rack up thousands of pounds of fraudulent credit card debt. Furthermore, you might automatically assume that first-party fraud only affects banks, but as telcos evolve into payment processing and handset financiers, they also are now feeling the pinch.

Collection Agencies 52

Collection Agencies Collections Agency Banks Financial services 52

Fico Collections

JANUARY 15, 2021

The COVID-19 pandemic cast a huge shadow on the financial services worldwide. We hope that what readers learned helped instill confidence in keeping credit flowing during uncertain times. consumers had on average $6,004 in credit card debt, down from an average of $6,934 back in January 2020.

Lender 59

Lender Loans Consumer Credit Credit Card Debt 59