Federal government taking unwarranted steps to damage short term lenders

Jan 09, 2019 Philip Burgess

When one industry contains a few players that operate outside the lines of agreed ethical standards, those offenders should be dealt with swiftly and severely. This should never, however, result in the errant decision to abolish that entire


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Event to focus on debt collection practices

Jan 09, 2019 Philip Burgess

Event to focus on debt collection practices

Reforms to how many state agencies address outstanding payments has put the debt collection industry in the spotlight. A symposium to be held on October 15 at The George Washington University Law School will bring together lawyers and judges


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Debt collectors need to be careful when charging convenience fees

Jan 09, 2019 Philip Burgess

Debt collectors need to be careful when charging convenience fees

For many years, debt collection agencies have used convenience fees in their routine attempts to help debtors close accounts in a responsible manner. Although they have been utilized for some time, many industry professionals make compliance


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Debt collection agents show their true colors

Jan 09, 2019 Philip Burgess

Debt collection agents show their true colors

Even with the Fair Debt Collection Practices Act in effect, there are still debt collection agents committing compliance violations. In an industry that has had difficulty cultivating a favorable image, incidents of misconduct tend to add fuel


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Consumer spending expected to pick up in Q4

Jan 09, 2019 Philip Burgess

Short term lenders might want to prepare for increased demand in the fourth quarter, as consumer spending is expected to jump in the final three months of the year.Fannie Mae's Economic & Strategic Research Group recently reported that


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