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The Economy

Since the economic downturn began in the U.S. in 2008, the fortunes of ARM companies have largely mirrored the broader business environment. Debt collection agencies are particularly susceptible to high unemployment, inflated consumer bankruptcies, and plummeting housing pricing. Combined with a general tightening of credit standards, the ARM industry is more tied to macroeconomic trends than ever before.

Teens

Poll: Two-Thirds of Teens See Borrowers, Not Government, Responsible for Paying Off Student Loan Debt

COLORADO SPRINGS, Colo. – A new survey of 1,000 teens by Junior Achievement USA and Voya Foundation shows that nearly two-thirds of teens, or 65 percent, believe borrowers are ultimately responsible for paying off their student loans, even if they borrowed more money than they are able to pay off, while 11 percent believe the […]

IACC: 2016 Could Bring Significant Industry Changes – and Opportunities for Businesses that Adapt

This article was submitted by Jessica Hartman, IACC Executive Director Those in commercial credit, collections and related industries will face significant economic and regulatory challenges in 2016, International Association of Commercial Collectors experts predict. Credit will remain tight, and creditors will be looking to save money and to get more services and assurances for the […]

Empirical Evidence Suggests Dodd-Frank Has Led to 14.5 Percent Drop in Consumer Credit

Many industry groups have sounded the cry that increased financial services regulation would have the unintended consequence of shrinking the credit available to the same consumers it was intended to protect. But most of these cries have been mere hypothesis. According to new research from the American Action Forum (AAF), Dodd-Frank financial reform has led to a 14.5 percent […]

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ACA International Report: Third-Party Debt Collection Keeps Credit-Based Economy Thriving

WASHINGTON, District of Columbia – January 26, 2016 – Consumers, creditors, and the economy as a whole benefit from the existence of the professional debt collection industry, according to the newest white paper from ACA International, the association of credit and collection professionals. The white paper “The Role of Third-Party Debt Collection in the U.S. Economy” explores the industry’s role in the U.S. economy,focusing on how third-party debt collectors work in tandem with creditors and […]

utilities

Getting to Know the Utilities Industry

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 […]

The Effect of Switching from a Brunner to a Totality Test for Student Loan Bankruptcy

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 […]