Collection Industry News

JUNE 17, 2024

While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. household debt reached a record high of $17.3 trillion, according to data from the Federal Reserve Bank of New York (NYFRB).

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Loans 40

Collection Industry News

JANUARY 13, 2024

household debt grew by $800 million from 2022 to 2023, including a 16.6% growth in credit card debt. While the new year marks a time for new beginnings and a fresh start, millions of Americans entered 2024 with more debt and less to put in their checking and savings accounts. At the start of the year, U.S.

Credit Card Debt 40

Credit Card Debt Student loans Student Loans Bankruptcy 40

True Accord

MARCH 5, 2024

“Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability,” explains TrueAccord CEO Mark Ravanesi in his Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover.

Consumer Credit 86

Consumer Credit Student Loans Student loans Collections 86

True Accord

JULY 13, 2023

Several states have actively been considering and passing new legislation requiring additional policies, controls, and practices not only in the data security space but also for data privacy and data breaches. There were also a couple of notable court decisions impacting debt collectors last quarter. 9%) to $17.05

Financial Institution 67

Financial Institution Student Loans Student loans Loans 67

Collection Industry News

MARCH 19, 2024

“Growing debt balances, stubborn interest rates and elevated prices are still a thorn for consumers, and contribute to their overall financial stability,” explains TrueAccord CEO Mark Ravanesi in his Q4 Industry Insights: Cautious Optimism with a Side of Holiday Hangover.

Consumer Credit 40

Consumer Credit Student Loans Student loans Collections 40

National Service Bureau

JUNE 23, 2015

The Federal Reserve Bank of New York recently released a Household Debt and Credit Report. These trends are relevant to debt collectors and collection agencies as well , so we’ll explore the relevant pieces in this blog post. Here are the numbers from fourth quarter 2014: Credit card debt: $0.70

Student Loans 40

Student Loans Student loans Credit Card Debt Collections Agency 40

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. On December 12, the U.S.

Financial services 52

Financial services Banks Debt collector Government 52