Lawsuits filed against ARM companies claiming violations of the Fair Debt Collection Practices Act (FDCPA) and other statutes fell slightly in the first two weeks of November after a similar drop in the second half of October.
Lending institutions in the United States reported a 16 percent increase in their credit card chargeoff rates in the third quarter of 2011, according to data released last week by the Federal Reserve.
News items of interest to the ARM community from around the Web
NCO Group, Inc., a leading provider of business processing outsourcing services, today announced that it proposes to commence an offering through a private placement of $300 million in aggregate principal amount of senior notes.
Rausch, Sturm, Israel, Enerson & Hornik, LLC (RSIEH), a leading retail collection firm with offices in 14 states, recently submitted a donation check totaling $10,000 to the Hunger Task Force of Milwaukee.
CMAX NDSE LLC announced Laura R. Jensen as its Vice President of Business Development. In this role, Jensen will be responsible for working with industry leading issuers and debt sellers to offer purchase and sale options on the flagship platform NDSE.
Due to continued success, Estate Information Services, LLC (EIS) announces growth and expansion, resulting in a new location for its corporate headquarters in Columbus, Ohio.
RevSource Solutions, a leader in online personalized payment solutions for the collection industry and healthcare, announced a partnership with CompuMail, a leader in collection letter solutions, to seamlessly integrate customers with RevExpress, increasing and accelerating online payments for collections and early out self-pay.
AllianceOne Receivables Management, Inc. is pleased to announce the appointment of Mr. Brad Bone as Senior Vice President of Strategic Client Management and Operations.
Two men who operated a scam debt collection agency in California were sentenced Monday to a combined 14 years in prison for their roles in a scheme that fleeced clients out of $2.7 million.