category financial-institutions Debt collector Related Topics 
Account Recovery
SEPTEMBER 16, 2024
In a new report from Capgemini Research Institute, non-cash transaction volumes in North America are projected to increase by 6.4% The report highlights that credit and debit cards will dominate global cashless payments by 2028, with instant payments gaining momentum as the second-largest category. this year, reaching $252.6
True Accord
JULY 13, 2023
With tumult in the banking industry in Q2 and inflation and economic stressors persisting, the financial outlook for American consumers remains uncertain. The amendments lay out a more prescriptive recipe for the safeguards financial institutions must have in place around collecting, storing and transmitting consumer information.
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Collection Industry News
JUNE 17, 2024
household debt reached a record high of $17.3 We took an in-depth look at the state of household debt in the U.S. Our experts used debt statistics from the NYFRB broken down by debt category and down to the state level to get a detailed picture of what kinds of debt Americans are holding and where they are holding it.
National Service Bureau
JUNE 23, 2015
These trends are relevant to debt collectors and collection agencies as well , so we’ll explore the relevant pieces in this blog post. Household debt’ is an umbrella term that encompasses many types of financial obligations - credit cards, auto loans, mortgages and more. For comparison, there was $0.86 Auto loans: $0.95
Burt and Associates
OCTOBER 31, 2024
Introduction and Spotlight on Medical and Rental Debt 1.1 Medical Debt 1.1.1 Introduction: This section highlights the CFPB’s work on medical debt issues, including a proposed rule to restrict medical debt reporting on credit reports. Rental Debt 1.2.1 Introduction and Spotlight on Medical and Rental Debt 1.1
True Accord
FEBRUARY 3, 2022
There are a lot of considerations for these digital financial providers when building their business models, but one important and often-overlooked strategy is recovery for delinquent accounts. These can be separated into two main categories, portfolio metrics and operational metrics. . What is a roll rate in debt collections?
Troutman Sanders
DECEMBER 19, 2023
For example, the whitepaper discusses how the quality of a stablecoin issuer’s reserve asset composition, and its ability to meet redemption requests, will determine whether a particular stablecoin meets the conditions to be included in the Group 1b category and be subjected to existing bank capital requirements. correspondent bank account.
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