The Commerce Department said this morning that the American economy expanded at an annual rate of 4 percent in the second quarter of 2014 after contracting by more than 2 percent in the first three months of the year.
A joint study from the think tank Urban Institute and debt buyer Encore Capital Group released today reported that more than 35 percent of U.S. adults with a credit report have accounts that qualify to be in some stage of the debt collection system. The average balance of those accounts is $5,178.
International banking regulators issued a new set of principles calling for a “college of supervisors” to oversee the global banking business, according to The New York Times’ Dealbook. The idea, explains University of Pennsylvania professor David Zaring, is to create a team of regulators for globally important banks that would share information fluidly enough to make […]
How can ARM companies know where their market opportunities exist in the five to ten year time range? We all know that credit card debt is slowly recovering from recent lows and student loans are growing at a silly rate. But what about everything else?
Bank card delinquencies declined significantly in the first quarter, falling 16 basis points to 2.44 percent of all accounts as consumers continue to improve their financial situations, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin.
The U.S. credit system depends on consumers paying back their debt. When consumers don’t pay back their debts, the system starts to get clogged, credit isn’t as easily extended, prices go up, and consumers spend less.
Should credit and collection professionals who are evaluating their company’s financial results increase their forecasts in light of the current positive news about the U.S. unemployment rate? Not yet.
The Federal Reserve said late Friday that U.S. consumers expanded their use of credit cards at the fastest rate in six-and-a-half years.
In what is being called hailed almost universally as a “solid all-around report,” the U.S. Labor Department said that employers added 217,000 workers in May 2014 and that the official unemployment rate remained unchanged at 6.3 percent.
Interactive Intelligence Group Inc. (Nasdaq: ININ), a global provider of software and services designed to improve the customer experience, has released findings of its second annual Global Customer Service Survey.