Survey: Bank lending expected to grow in coming months

Dec 12, 2018 Philip Burgess

A rebounding jobs and housing market may have spurred Americans to accumulate more credit over the past few months, and a recent PRMIA and FICO survey indicated that the new year could consist of more of the same. According to Andrew Jennings,


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Debt collection scams hurt industry but collectors can stand out with compliance

Dec 12, 2018 Phil Burgess

Debt collection scams can hurt the industry, as it causes a negative reputation of relief agencies among consumers, despite most companies being compliant with laws and ethics. KXTV-TV recently reported that a woman in Yuba City, California,


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ID verification law proposed in California

Dec 12, 2018 Phil Burgess

Debt collection agencies in California may be legally obligated to verify the identity of the person they are contacting is indeed the owner of the overdue account. According to KERO-TV, the state senate unanimously passed the bill recently,


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Trends in debt collection enforcement

Dec 12, 2018 Phil Burgess

Trends in debt collection enforcement

Debt collection agencies have come under intense scrutiny throughout the past several years, as government entities such as the Federal Trade Commission continue to field a high volume of complaints. Experts and advocates often cite the growing


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New York debt collection regulations proposed

Dec 12, 2018 Phil Burgess

Debt collection agencies in New York state may be forced to navigate a more regulated landscape if recently proposed regulations are approved by state officials.According to Newsday, recommendations from the New York Department of Financial


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