CHICAGO, Ill. -- A new report by TransUnion (NYSE: TRU) and
Aite-Novarica Group found that the collections industry is boosting hiring and
technology investments as it transitions into a “next normal” stage.
Approximately seven in 10 collections professionals (69%) said technology
solution spending will modestly or significantly increase in the next two
years. About two-thirds of collections professionals (67%) said employee
compensation will increase in the same time period.
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Bob Deter, VP of Business Development at Crown Asset Management, has been in the industry for a long time. Check out our Think Differently interview with him, where he discusses how best to find a partner for debt sale, plus:
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The CFPB recently published a new report, “Disputes on Consumer Credit Reports.” Using
data on auto loan, student loan, general purpose credit card, and retail card
accounts opened between 2012 and 2019, the report looks at the demographic
characteristics of disputers and the outcomes for accounts with dispute
flags. The report is yet another signal of a likely CFPB focus on
potential violations of anti-discrimination laws not only by servicers of
mortgage loans, but also by servicers of all types of consumer credit accounts.
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