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October 24-26, 2012
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Today in Collections

  • Collection Agency To Chase Unpaid Fees From Former Inmates

    Collections & Credit Risk | May 17, 2012

    Grand American Resources Inc., a Grand Marais, Minn.-based collection agency, will collect unpaid fees from former inmates of a county jail under a one-year contract approved by county commissioners.

  • Mortgage Delinquency Rate Falls In Q1

    Collections & Credit Risk | May 17, 2012

    The U.S. mortgage delinquency rate declined in the first quarter to the lowest level since 2008, according to a report from the Mortgage Bankers Association.

  • Magazine Subscription Collectors Settle FTC Charges

    Collections & Credit Risk | May 16, 2012

    Defendants in a debt collection operation that allegedly sought payment for bogus magazine subscription debts have settled with the Federal Trade Commission.

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  • Father/Son Collection Execs Plead Guilty In $10M Fraud Scheme

    Collections & Credit Risk | May 15, 2012

    Two former executives at Oxford Collection Agency each pleaded guilty Friday to charges stemming from a $10 million fraud scheme against Connecticut-based Webster Bank, federal officials said Tuesday.

  • More Than 700 Agencies, Creditors Sued In April's Second Half

    Collections & Credit Risk | May 16, 2012

    An estimated 718 different collection agencies and creditors were sued between April 16-30, according to data pulled from U.S. District courts.

  • JPMorgan Loss Highlights Need For Financial Reform, Geithner Says

    Collections & Credit Risk | May 17, 2012

    WASHINGTON — Treasury Secretary Tim Geithner said Tuesday that the $2 billion trading loss at JPMorgan Chase makes a "powerful case" for the financial reforms being implemented under the Dodd-Frank Act.

  • Credit Card Delinquency Rate Drops After Two Straight Quarterly Increases

    Collections & Credit Risk | May 16, 2012

    The national credit card delinquency rate dropped in the first quarter ended March 31, with current levels well below historical norms, according to TransUnion.

  • CFS II Scouts North Carolina Sites For Call Center

    Collections & Credit Risk | May 16, 2012

    CFS II, a Tulsa, Okla.-based debt collection agency, is scouting offices in North Carolina to potentially open a call center with as many as 2,000 jobs, according to company officials.

  • Mortgage And Credit Card Debt Both Drop: Report

    Collections & Credit Risk | May 16, 2012

    Consumer mortgage and credit card spending slowed from a year ago, with the average mortgage debt decreasing 3% to $166,631 and the average card debt per consumer falling 13% to $5,650, according to a new report.

  • State's Foreclosure Program Awards $1.7M To Ineligible Homeowners

    Collections & Credit Risk | May 14, 2012

    An Oregon program to help stop foreclosures has run into problems efficiently doling out more than $220 million in federal taxpayer money to homeowners in the state.

  • Accretive Health Considers Dropping Hospital Collections

    Collections & Credit Risk | May 11, 2012

    Accretive Health Inc. is considering doing away with its hospital debt-collection services, the company's chief executive said this week.

  • NCLC Report Distorts Student Loan Debt Collections: ACA

    Collections & Credit Risk | May 11, 2012

    ACA International disagrees with a National Consumer Law Center report on student loan collections, calling it an "inaccurate portrait ... created to further its agenda."

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