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.
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.