Illinois Budget Stalemate Felt at Local Level
At least one school district will soon review hiring a collection agency to offset aid it is not receiving as a result of the state's budget crisis.  more »
JPMorgan Chase announced it is closing its Houston auto loan collections unit and laying off 90 workers. more »
Ontario Systems announced Monday it has acquired Columbia Ultimate Business Systems in a deal joining two of the largest ARM industry vendors, with each holding distinct market-leading positions in adjacent verticals. more »
The City of York, Pa., has partnered with MuniServices LLC, a business of PRA Group Inc., to provide revenue discovery and recovery services. more »
Illinois owes $3 million to the FBI for processing fingerprints and conducting background checks for professional licenses and permits. The debt is old enough that it could be turned over to the federal government's collection agency - the Treasury Department. more »
Two debt buyers have entered into consent judgments with the New York Department of Financial Services for allegedly violating the Fair Debt Collection Practices Act and New York Debt Collection Procedures Law. more »
Alorica Inc., a customer service company, has acquired Expert Global Solutions, a call center operator that supports accounts receivable management firms. more »
PRA Group Inc., a Norfolk, Va.-based debt-buying giant, announced Friday both the resignation of executive Neal Stern and a series of organizational changes. more »
Fannie Mae announced it sold its third Community Impact Pool of non-performing loans to New Jersey Community Capital. more »
Intrum Justitia AB’s new CEO says there is no reason why Europe’s biggest debt collector should not adopt a bolder acquisition strategy and consider bigger credit management companies than it has focused on before. more »
The city has launched a feasibility study to determine if it is worthwhile to sell some of the debt to a third party. more »
TCF Financial CEO Craig Dahl hopes the company's new push for underbanked customers helps bring more people to underutilized branches.
TCF Financial in Wayzata, Minn., is hoping a new product line aimed at the underbanked will also breathe new life into its once-bustling branches. more »
MuniServices LLC, a business of debt-buying giant PRA Group, will offer aspiring municipal leaders a chance to learn about strategic financial administration through a new certification program. more »

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