The utilities industry is a highly-regulated market with tremendous regional fragmentation despite its maturity. However, it presents excellent opportunities for ARM companies. Utilities collections accounted for $550 billion in revenue for the ARM industry in 2014. This market segment is comprised of three broad sectors – electricity, gas, and water – but electricity and gas […]
Student loans are making headlines, whether they’re about the size of the debt, the companies collecting the debt, or the hardships faced by recent graduates paying their debt. Earlier this week, MarketWatch published an article highlighting two Supreme Court petitions filed by men trying to discharge their student loan debt, bringing the issue front and […]
In addressing the CAB, Cordray underlined this new, anti-arbitration direction for the CFPB: “Companies use [arbitration clauses]…to block class action lawsuits, providing themselves with a free pass from being held accountable by their customers in the courts.”
This industry, which initially seemed to focus only on millennials, is growing at an exponential rate. Morgan Stanley reports that from 2010 -2014 Marketplace Lending had a Compound Annual Growth Rate (CAGR) of 123%; and an Expected CAGR of 51% from 2015-2020. At these growth rates, it is would seem that it is not just limited to millennials any longer.
George Mason University Foundation Professor of Law and Senior Scholar of the Mercatus Center Todd J. Zywicki has published a Working Paper entitled “The Law and Economics of Consumer Debt Collection and Its Regulation.” The 69-page paper concludes that new government restrictions on debt collection may very well burden consumers. Zywicki starts with the premise […]
SACRAMENTO, Calif. – A new study conducted by Professor Todd Zywicki of the Mercatus Center at George Mason University indicated that careful evaluation of the current regulatory environment was necessary to ensure that the debt collection and debt buying industries continued to fulfill their critical role in the economy. The study also found as the […]
Greenwood Village, CO – United Debt Holding, LLC is proud to announce the receipt of the 2015 Best of Business award in Castle Rock, CO in the small business category. The Small Business Community Association (SBCA) has been dedicated to empowering and recognizing small business owners who continually make a difference in their business community since […]
How do you identify which accounts have a higher likelihood to pay? Every collections firm wants to get better at answering this question. TransUnion claims that firms can – with better, fresher account data. Scoring accounts with a broader data set and more historical data can help firms better separate the uncollectable accounts from those […]
The U.S. Department of Education (ED) Private Collection Agency (PCA) program remains an opportunity for small businesses despite recent wrangling over five contractor suspensions in March and a bid process for large (“unrestricted”) contractors still incomplete after two years. Goals have gone up over the last two years, with ED’s prime and subcontracting goals now at 20% and 33%, respectively.
To date, over the 57-year history of the Perkins Loan Program, more than 30 million students with need have benefited from this important source of funds. This proven and longstanding loan program is in jeopardy. In order for the Program to continue, Congress must reauthorize the program or extend the September 30, 2015 sunset date. You can help.