Auto Loan Debt Reaches 19-Year High
Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw
Total household debt increased modestly, by $32 billion, in the fourth quarter of 2018, according to the latest Quarterly Report on Household Debt and Credit from the New York Fed’s Center for Microeconomic Data. Although household debt balances have been rising since mid-2013, their sluggish growth in the fourth quarter...
READ MOREDirectors Elected to Lead RMAi in 2019
Members of Receivables Management Association International (RMAI) elected Directors and Officers to its Board yesterday at the association’s annual conference…
RMAi Honors Outstanding Members
Leaders from Receivables Management Association International (RMAI) honored outstanding members this week at the association’s 22nd Annual Conference—in Las Vegas…
3 in 10 Americans Have More Credit Card Debt Than Savings
Balancing your savings and debt can be difficult, and more Americans are struggling to pull it off.A new Bankrate survey…
Ninth Circuit Re-affirms FCRA’s Strict Disclosure Standards
A disclosure form that included other, state-mandated disclosure information violated the Fair Credit Reporting Act’s (FCRA) standalone document requirement, the…
25% of Americans Expect to Die in Debt
Many Americans in debt either have no idea when they’ll break free from it or have resigned themselves to owing…
$2.5M Settlement Ends TCPA Class Action Against Navient
Navient, the student loan servicing company formerly known as Sallie Mae, paid $2.5 million to settle claims that it violated…
Collectors Considered for $17.5 Million in Overdue Tolls
Out-of-state drivers who haven’t paid tolls for using the Intercounty Connector in the last two years owe Maryland more than…
IACC Announces New Officers on Board of Directors
The International Association of Commercial Collectors, Inc. (IACC) recently elected its officers for the 2019 year during the association’s 48th…
Top 10 Cities Where Parents Still Support Millennial Renters
Despite living in the nation’s most expensive markets from New York to San Francisco, millennials in these cities prove to…
