Man fights for collection reform

Mar 05, 2012 Mike Garretson

Last May, Bill Bartmann, CEO of debt discounting service CFS II, launched a 50-state campaign called Stop These Criminals, aimed at reforming the debt collection industry.According to the Federal Trade Commission (FTC), consumer complaints


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Study suggests Gen-Y more willing to incur debt than older generations

Mar 02, 2012 Mike Garretson

Investors representing the Generation Y cohort may be more frivolous spenders than their older counterparts, according to a recent report by MFS Investment Management.The group's Investing Sentiment Survey shows more than on-third of Gen


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Equifax assesses most debt-ridden cities in America

Feb 28, 2012 Mike Garretson

Equifax assesses most debt-ridden cities in America

There's no doubt about it: Consumers are in debt. According to recent data released by the U.S. Federal Reserve, outstanding revolving credit, which includes credit card debt, reached an astounding $801 billion in December. Meanwhile, a


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Proposed CFPB powers may target credit reporters, debt collectors

Feb 25, 2012 Mike Garretson

The debt collection industry may be forced to confront another series of challenges stemming from the regulatory powers of the Consumer Financial Protection Bureau, as the fledgling government agency is seeking authority to oversee activity


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Debt collection market: Stagnant, booming or somewhere in between?

Feb 25, 2012 Mike Garretson

Debt collection market: Stagnant, booming or somewhere in between?

A number of analysts have argued that with recent surges in consumer debt - particularly on student loans - collection agencies have seen a dramatic uptick in demand. But according to recent insight, regulatory pressures and cash-strapped borrowers'


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