New York Times Gives Lots of Space to Student Loan Debt
Earlier this month The New York Times ran an Opinion piece by Lee Siegel, who tells his story of committing to expensive student loans for two degrees and what it...
The Economy
Five Lessons the ARM Industry Can Take From the Mortgage Meltdown
Our society’s attitude towards consumer financial products has fundamentally changed since the mortgage meltdown. A key component of this change is a role for the federal government to actively regulate...
Terrible Jobs Report in March May Signal Shift in the Labor Market, or Simply a Correction
After a run of fantastic job reports for the U.S. economy in late 2014, the latest employment report from the Labor Department cemented what was a lackluster first quarter of...
Assessing the Consumer Credit Market with an Eye to ARM
Since the Great Recession, the road to recovery for the accounts receivable management (ARM) industry has been particularly bumpy. Adjusting to economic fluctuations has been challenging for service providers and...
U.S. Adds Jobs in February, Unemployment Rate Falls to 5.5%, But Overall Report is Not Great
After a blockbuster employment report to begin 2015, the Labor Department reported early Friday that the labor market corrected itself a bit in February. While job growth was robust last...
Adding Utility and Rental Payments to Credit Reports Could Help Millions: Experian
New research studies from Experian, the leading global information services company, found that by adding on-time alternative payment data to credit report files, millions of consumers could gain access to...
Third Party Debt Collection Volume Declines for Second Straight Quarter in Q4
The percentage of Americans with at least one account in the third party debt collection system fell to a post-financial crisis low in the fourth quarter of 2014, according to...
An Employment Report that Might Actually Mean Something for the ARM Industry
The U.S. Labor Department early Friday said that non-farm payrolls in the country grew by 257,000 in January, slightly more than what analysts had expected. The headline unemployment rate actually...
U.S. Adds 252,000 More Jobs in December to Cap Best Growth in 15 Years
Just over a quarter million jobs were added to the American economy in December 2014 as the official unemployment rate dipped to 5.6 percent, the lowest reading since June 2008....
Consumer Debt Delinquencies Continued Broad Decline in Third Quarter
Delinquencies continued to decline in last year’s third quarter, falling in seven out of 11 categories as the economy improved and consumers responsibly managed their finances, according to results from...