ENGLEWOOD CLIFFS, N.J. — Asta Funding, Inc. (Nasdaq: ASFI), a consumer receivable asset management and liquidation firm, will report its financial results for the third quarter and nine months of fiscal year 2010 ended June 30, 2010 before the market opens on Wednesday, August 4, 2010. Asta Funding, Inc.’s senior executives will hold a conference [...]
Cabot Financial, UK market leader in debt purchase, has been recognised for its hard work in setting up a successful stop smoking campaign by winning the Innovation in Workplace Health & Wellbeing 2009-2010 – West Kent Stop Smoking Service Award. The award was presented to Cabot at an awards ceremony on the 14th July and [...]
Starting on October 27, 2010, for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card or other unsecured debt. “At the FTC we strive every day to make sure America’s middle class families get straight deals for their dollars,” Chairman [...]
The publicly traded debt purchasers both beat earnings estimates in the second quarter, but the similarities stop there. PRA broke nearly all quarterly performance records while Asset Acceptance discussed a ton of strategic matters, including its FTC investigation.
Major credit issuing banks reported last week that charge-offs and delinquencies in their credit card portfolios eased in June, almost across the board. Bank of America said its card accounts more than 30 days past due fell to 6.16 percent in June from 6.39 percent in May. The bank’s charge-off rates improved dramatically, to 11.98 [...]
On its face, the new Consumer Financial Protection Bureau created in the massive reform bill will be an enemy of the ARM industry. But what if we took a different view?
IRVINE, Calif. – RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today released its Midyear 2010 Metropolitan Foreclosure Market Report, which shows 154 of the 206 U.S. metropolitan areas with a population of 200,000 or more posted year-over-year increases in foreclosure activity even while foreclosure activity decreased in nine of the 10 metros with [...]
WASHINGTON–Bank of America today announced it will provide $10 million in grants to nonprofit lenders, such as Community Development Financial Institutions (CDFIs), to leverage funds from the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA) for lending to small and rural businesses. The grants, for use as loan loss reserves, may [...]
Drama in Department of Education’s debt collection contract in the second quarter as the small business category ended in a virtual tie at the top and the unrestricted contract featured a tie for third.
An ARM company that was named in a settlement agreement announcement responds to insideARM.com about some of the allegations made by New York Attorney General Andrew Cuomo.