Collections & Credit Risk

Consumer Collections News

• Bill Creating State Collection Department Gains Traction

  Collections & Credit Risk | May 21, 2013

  Louisiana Rep. Chris Broadwater on Monday presented a bill to the Senate Revenue and Fiscal Affairs Committee to create a centralized collection department.

• Foreclosure Settlement Complaint Revised Against B of A, Wells

  Collections & Credit Risk | May 20, 2013

  New York Attorney General Eric Schneiderman is revising his allegations of foreclosure settlement violations by Wells Fargo and Bank of America, resetting the clock on his plans to sue the banks over 339 alleged servicing violations.

• Vehicle History Score Helps Lenders Predict Delinquency

  Collections & Credit Risk | May 15, 2013

  TransUnion has developed a risk assessment model to help auto lenders evaluate the potential for future loan delinquency based on the history of the vehicle used as collateral.

• Andersen to Discuss Global Collections at World Credit Event

  Collections & Credit Risk | May 13, 2013

  Ontario Systems' Chief Compliance Officer Rozanne Andersen is speaking Wednesday at the World Credit Congress & Exhibition in Johannesburg, South Africa.

• News Release: Legal Collections Event Set for Fall

  Collections & Credit Risk | May 9, 2013

  Collection attorneys, judges, scholars and other industry experts will gather this fall for a “Legal Symposium on Consumer Debt Collection” presented by the National Association of Retail Collection Attorneys.

• Banks' Student Lending Outlook Stays Stable: Fed Survey

  Collections & Credit Risk | May 8, 2013

  Most banks involved in student lending appear unlikely to change their holdings of private student loans over the next year, according to a report issued Monday by the Federal Reserve Board.