Next COVID Package Negotiations: What's the Likelihood?
It will be eight months on 27 November 2020, the day after Thanksgiving in America, since the CARES Act was passed*. [* Interestingly, the CARES Act was introduced in the House...
The Economy
Collection Executives Need to Enter This Tax Season with a Great Deal of Caution
Many companies in the collection business rely on consumers receiving their tax refunds on time to make payments on their debts. For some, the “income tax-filing season” generates the vast...
A New Debt Milestone in Q1 2017 (But Not Really)
Many of you have probably heard recent reports that total consumer debt has finally surpassed its previously peak, which was during the Great Recession’s height. Nearly a decade after that economically...
Offshore Collection Work May Soon Carry New Consequences
Last week members of both parties in Congress revived a bill that would make it harder to offshore call centers. The U.S. Call Center and Consumer Protection Act would establish...
CFPB Plans Public Meeting on Debt Collection
The Consumer Financial Protection Bureau (CFPB) will be holding a public meeting of the Consumer Advisory Board (CAB) later this month at CFPB Headquarters in Washington, DC. The subject of...
Brexit’s Effect on the U.S. ARM Industry
Last week, Great Britain voted to leave the European Union – otherwise known as “Brexit.” For all of the talk surrounding one of the most monumental changes to the global...
China’s Non-Performing Loans Revisited
Almost two years ago, Kaulkin Ginsberg wrote that there were potentially sizable, albeit risky, collection opportunities in China. Since that blog, China’s non-performing loan (NPL) market has grown substantially and...
Harvard Study Finds New Regulations Are Affecting Consumer Access to Credit
Credit card debt is an issue for many families – according to The National Foundation for Credit Counseling, one in three Americans roll over a balance from month to month....
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...
The Little Engine That CAN Make a Difference
“It would seem that legislative canon that purports to better regulate those institutions deemed ’too big to fail’ is unwittingly creating a class of banks that may be ‘too small to...