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The growth in the historic period can be attributed to rising consumer debt levels, economic downturns, growth in unsecured loans, expanding credit access, and elevating regulatory compliance requirements. The debt collection agencies market size is expected to see steady growth in the next few years. It will grow from $29.35
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. On October 4, the CFPB announced that the deadline to request initial forbearance for loans backed by the U.S.
On June 20, EDX Markets (EDX), a digital assets marketplace with prominent founding investors that include major financialinstitutions, announced a successful launch and the completion of its new investment round. Department of Education and falsely promising student loandebt relief. For more information, click here.
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