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Illinois City Reviews Hiring New Collection Agency
Officials in Elmhurst, Ill., a Chicago suburb, are looking at hiring a new collection agency to pursue overdue parking tickets and other delinquencies.
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South Dakota officials are hoping the state legislature grants authority for the creation of a state office for debt collection, a proposal supporters believe could help bring in additional recoveries of up to $34 million in the next five years. more »
The city of Eugene, Oregon has hired collection agency/law firm Linebarger Goggan Blair & Sampson, based in Austin, Texas, to help collect past due parking fines. more »
Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 119,888 U.S. properties in January, an increase of 5% from the previous month but still down 4% from a year ago, reports RealtyTrac, a company that tracks housing data. more »
A Switzerland-based firm on Tuesday acquired Akcelerant, a U.S.-based financial software provider active in the accounts receivable management space. more »
FICO and TransUnion announced Monday a renewed multi-year agreement to provide FICO scores to the U.S. banking community. more »
Bank of America plans to lay off 202 employees in a loan servicing unit in Norfolk, Va. because of the ongoing decline in the number of delinquent mortgages, the company said Tuesday. more »
U.S. small businesses took out more loans in December, according to a lending study released Tuesday. more »
The Federal Housing Finance Agency will require nonbank mortgage firms to meet minimum liquidity and net worth standards to curb risks to taxpayers from the rapidly expanding industry. more »
Debt-buying giant PRA Group, based in Norfolk, Va., has hired Nancy Porter as vice president of corporate communications. more »
Expert Global Solutions Inc., holding company of collection industry giant NCO Financial Systems Inc., has announced a large expansion in Virginia Beach, Va. more »
The number of Americans buying autos neared a record high last year but a possible downside to the growth is drawing comparisons to the subprime mortgage boom. more »
An Ohio County's tax lien sale of unpaid penalties and taxes on more than 1,000 properties resulted in more than $1.1 million. more »

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