category new-york 
Collection Industry News
AUGUST 17, 2023
NEW YORK—The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit. The report is based on data from the New York Fed’s nationally representative Consumer Credit Panel. Student loan balances fell by $35 billion and stood at $1.57
Collection Industry News
MAY 19, 2023
Americans’ debt levels continue to climb to new heights at a time when economic conditions are becoming increasingly less stable. from the fourth quarter of last year, the Federal Reserve Bank of New York reported Monday. The “refinancing boom” helped households’ financial positions, New York Fed researchers noted.
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Collection Industry News
JANUARY 13, 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. trillion, according to data from the Federal Reserve Bank of New York (NYFRB). growth in credit card debt. At the start of the year, U.S.
Collection Industry News
APRIL 13, 2023
New YorkCNN — Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy on Sunday. The company secured a $240 million loan to help fund its operations during bankruptcy. The retailer attracted a broad range of customers by selling name brands at cut-rate prices.
True Accord
JULY 13, 2023
The ending of various pandemic-era benefits including the pause on student loan payments will impact consumers in the coming months. 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.
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.
Troutman Sanders
MARCH 11, 2024
The blog post posited that closing costs significantly impact a borrower’s financial commitment and, potentially, monthly payments and identified a “noticeable increase” in closing costs, with median total loan expenses on home purchase loans increasing by 21.8% between 2021 and 2022. For more information, click here.
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