Collections & Credit Risk

Deals & Pricing

• Credit Losses Could Stay High Longer In This Cycle

  PaymentsSource | September 2

  The banking industry's loan losses could stay elevated for years, recent federal data suggests, even after appearing to peak in late 2009.

• Royal Bank Of Scotland Sells A Credit Card Unit

  Collections & Credit Risk | August 9

  The Royal Bank of Scotland Group has agreed to sell its credit card payment processing unit to Advent International Corp. and Bain Capital for $2.7 billion, according to the companies.

• Asta Funding's Net Income Up, Cash Collections Down

  Collections & Credit Risk | August 5

  Asta Funding Inc., a publicly owned debt buyer, reported net income of $3.1 million for its third quarter ended June 30 as compared to net income of $1.5 million for the year-ago period.

• Government Collections Firm Acquired

  Collections & Credit Risk | August 3

  Owners Resource Group, a private equity firm in Austin, Texas, acquired Gila Corp., a large municipal and government debt collector.

• Debt Buyers Beat Expectations In Q2

  Collections & Credit Risk | July 30

  Two debt buyers reported July 29 that second-quarter profits topped Wall Street expectations.

• AmEx Eyes Acquisitions In Alternative Payments

  American Banker | July 29

  American Express Co. is looking at acquisitions to strengthen its competitive position in alternative payments as credit conditions continue to improve and competition heats up for high-end consumers.