Credit cards are the gold standard for payments in America. Sixty-five percent of the U.S. population — 168 million adults — have made a purchase using a credit card in the last 12 months, according to The Convenience Catalyst, a … Continue reading →
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SAN FRANCISCO, December 07, 2021–(BUSINESS WIRE)–American Express (NYSE: AXP) announced today, in partnership with Nova Credit, that it has expanded credit access to people from Brazil, Dominican Republic, Kenya and Nigeria who have moved to the United States. The growth … Continue reading →
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ACA’s licensing team has resources to help with the state’s new licensing application required for collectors before the end of the year. 12/07/2021 1:15 PM 2 minute read California became the latest state to require debt collection licenses this year … Continue reading →
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A new report has revealed that about 97,000 Americans fell victim to credit card fraud in the third quarter of 2021. “Data reveals that 97 thousand Americans were the victims of credit card fraud in 2021 Q3,” a report by Atlas … Continue reading →
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Thanks to emergency relief measures passed during the Covid-19 pandemic, most borrowers have been able to skip payments on federal student loans since March of 2020. In the meantime, interest rates have been set at 0%, making it easier for … Continue reading →
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Say you are sitting around on a Sunday evening, getting ready to watch a professional football game on television, when the phone rings. It’s a debt collector, calling to demand payment of a debt you don’t recall owing. What do … Continue reading →
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TransUnion expects lenders to originate a few more consumer loans in 2022 than they will originate this year. A report from the Chicago credit rating agency Wednesday said it expects lenders to originate 116.7 million loans for automobiles, credit cards … Continue reading →
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Until this month, the regulations governing how financial institutions and others could pursue debt collection were firmly grounded in the Jimmy Carter era. Updates to the Fair Debt Collection Practices Acts of 1977, commonly known as Regulation F, went into … Continue reading →
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Banking Law By Evan Weinberger U.S. buy now, pay later industry has grown exponentially since 2020 Consumer advocates raised concerns about credit reporting, disclosures The CFPB plans to ask the big players in the buy now, pay later industry for … Continue reading →
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Your credit reports are not static objects frozen in time. Instead, the information on credit reports tends to change often. In fact, your credit reports change anytime a creditor sends an update about one of your accounts to one of … Continue reading →
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