This morning, the Consumer Financial Protection Bureau's (CFPB) former director Richard Cordray published a white paper on Medium, addressed to current director Kathleen Kraninger, warning the CFPB to pay attention to the fallout of the COVID-19 pandemic. His comments include…
The total student loan debt in the U.S. has now reached $1.6 trillion, according to a quarterly report recently released by the Federal Reserve. As of January, National debt from student loans exceeds that from auto loan debt by over…
The numbers: Consumer borrowing surged in December, as consumers used credit cards to make holiday purchases, according to Federal Reserve data released Friday. Total consumer credit increased $22.1 billion. That’s an annual growth rate of 6.3%, up from a 3.4% rate…
https://www.xcelrev.com/2020/02/04/fdcpa-court-deci…ns-in-a-nutshell/
https://www.accountsrecovery.net/2020/01/02/the-issues-and-trends-that-will-shape-the-industry-in-2020/
Americans are answering their cell phones only 47% of the time they ring, according to data released by Hiya, a company that helps identify the source of incoming phone calls. Debt collectors, as part of the broader financial services industry, represent the…
Today, TransUnion and the Aite Group released a report titled The State of Collections 2019, noting that the debt collection industry is at a crossroads but has a bright future ahead. The report—which covered a cross-section of the industry representing collectors…
Only 6% of collection agencies report that it is easier to get in touch with consumers than it was five years ago, according to a report released by TransUnion and Aite Group. Four percent of participants in the survey said…