A new TransUnion study found that the consumer loan wallet – the composition of loans that people typically carry – has materially changed for both the youngest and oldest segments of the population during the last decade.
Delinquencies declined nearly across the board in the second quarter, falling in nine out of 11 categories as the economy improved and consumers responsibly managed their finances, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin.
Collection recovery managers and ARM professionals alike should not adjust their liquidation projections upward just yet. Here’s why.
The U.S. Department of Labor said Friday that the official unemployment rate fell to 5.9 percent in September, the lowest reading since the summer of 2008. Employers added 248,000 jobs last month, combined with significant upward revisions in the July and August jobs numbers.
Last week at DCS 2014, I presented on the topic “Where is the ARM Industry Heading” during the Fast Tracks segment. Living up to its name, Fast Tracks is intended to provide the audience with quick bursts of information on specific topics.
Kaulkin Ginsberg, the leading consultancy and M&A advisory firm focused on the accounts receivable management (ARM) industry, is pleased to announce that it initiated its fall semester research fellows program, in conjunction with the University of Maryland, College Park’s Department of Economics undergraduate studies program.
The Eighth Circuit Court of Appeals recently affirmed a decision made by its Bankruptcy Appellate Panel last year that may grant a student loan borrower discharges on 15 separate private student loans totaling more than $118,000. The bankruptcy panel relied on a unique treatment of ability to repay that is not used in any other circuit.
Welcome to the Culture of Unaccountability. There are approximately 318 million people in the United States and 75 to 100 million of them have completely refused to communicate with their original lender or to the entity to which they may owe money.
The third-party debt collection industry returned some $45 billion to creditors and other clients in 2013, according to a study released today by ACA International. The report, based on a survey and other statistical analysis by Ernst & Young, is the latest in a series of comprehensive industry studies.
The Labor Department reported early Friday that U.S. employers added 209,000 jobs in July, slightly below analysts’ expectations but still firmly within the range considered to be indicative of a jobs expansion. The official unemployment rate increased to 6.2 percent from 6.1 percent in June as slightly more Americans re-entered the workforce.