The supply of debt should rise in the second half of this year, and that could mean a pull back from the high prices seen in the last few years. ?We?ll see a supply side pick up. There are signs prices will improve,? says an analyst covering ARM stocks.
?Serrano was legislating in an appropriations bill, a violation of House rules, so we raised a point of order on that, and he quickly conceded.?
Writers of bad checks in Vanderburgh County, Ind., will be required to attend a special intervention class on financial management and could face a collection agency, due to a new program unveiled by County Prosecutor Stan Levco. Levco hired American Corrective Counseling Services (ACCS) in April as a resource for merchants that need to collect [...]
The county will place ?about 300 accounts to start with,? Petersen said, ?and then, about 20 to 30 a month after that.?
The Federal Reserve decided on Thursday to hold interest rates steady. In its regular Federal Open Market Committee meeting, the Fed decided to hold the federal funds interest rate at 5.25 percent, where the rate has been for a year. Most economists had been expecting the Fed to hold, although more are now predicting movement [...]
Subprime mortgage loans have seen rising failure rates, with nearly 16 percent of the loans 60 days or more overdue in April, about double the rate of April 2006.
After winning a settlement from FIFA, MasterCard is stepping aside as the official card of the World Cup and finally – finally – Visa gets a piece of the FIFA card sponsorship pie, according to a Reuters story. The new deal, which allows Visa to replace MasterCard as card sponsor for the 2010 and 2014 [...]
The stock of Fair Isaac Corp. popped this morning after an investor disclosed he owned 5 percent of the company and suggested that management consider selling the firm.
TransUnion announced Thursday that it has enhanced its Credit Retriever applicant screening solution by adding three new automated capabilities: Quick Lease, High Risk Collections and Exclusion Lists. Quick Lease automatically generates leasing documents by auto-populating all the lease’s relevant fields, making it easy for the leasing agent to quickly print all of the applicant’s documents. [...]
Thanks to a decrease in check writing and an increase in merchants outsourcing to collection agencies, several Mississippi district attorneys’ offices are feeling a bite in their budgets – a phenomenon that could signal a positive trend for the accounts receivable management industry. “[Collection agencies] certainly competition for us,” District Attorney for Mississippi’s 8th District, [...]