Fico Collections

JUNE 1, 2023

2023 started off with unexpected growth, mild recession still predicted this year Reviewing earlier forecasts, many economists were predicting a mild recession to begin in the first quarter of 2023. The numbers: First quarter 2023 GDP released by the U.S. The unemployment rate dropped from 3.6% by the end of 2023.

Retail 52

Retail Consumer Credit Lender Collections 52

True Accord

JANUARY 10, 2024

2023 brought a whirlwind of an economy, and we spent most of the year trying to predict when things would finally turn around. Despite the optimism, consumers are still battling high prices and interest rates, though the holiday shopping numbers would make you think otherwise. and the economy grew at an annual rate of 4.9%

Student loans 58

Student loans Student Loans Loans Banks 58

Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.

Financial services 52

Financial services Collateral Banks Trade 52

Collection Industry News

OCTOBER 21, 2022

LONDON, Oct 21 (Reuters) – Owners of Britain’s largest malls, skyscrapers and industrial hubs face hikes in borrowing costs and a recession that could depress prices by up to a fifth, forcing lenders and investors to reassess their appetite for commercial property. Bellwethers like Land Securities (LAND.L), British Land (BLND.L)

Retail 40

Retail Lender Loans Acquisition 40

Troutman Sanders

MAY 9, 2023

On May 3, the Securities and Exchange Commission (SEC) published a final ruling on changes made to the Form PF. On May 2, the White House published a blog post, titled “The DAME Tax: Making Cryptominers Pay for Cost They Impose on Others.” The White House estimates that the DAME tax will raise $3.5

Financial services 52

Financial services Student loans Student Loans Loans 52

Troutman Sanders

SEPTEMBER 11, 2023

Tempoe offered financing at the point of sale to customers at major retailers such as Sears and Kmart. Forty-one states and the District of Columbia are entering into a parallel multistate settlement addressing the same conduct. For more information, click here. For more information, click here. For more information, click here.

Financial services 52

Financial services Student loans Student Loans Banks 52