Collections & Credit Risk

Collections Risk Management News

• Cutting Costs, Easing Compliance Risks Are Top Agency Priorities: Survey

  Collections & Credit Risk | June 18, 2013

  Technology utilization is seen as a key growth area by all sizes of collection agencies. In particular, the use of IVR could almost double in 2013 and text is seen as a top growth opportunity.

• FBI Gave 40 Bankers Classified Cyberattack Briefings: Official

  Collections & Credit Risk | June 13, 2013

  An FBI official said Wednesday that the volume of cyber threats the country faces has increased dramatically over the past decade — so much so that the agency is reaching out to bankers for their input and help.

• CFPB Raises Concerns About Overdraft Practices

  Collections & Credit Risk | June 12, 2013

  The Consumer Financial Protection Bureau released a report Tuesday on bank and credit union overdraft practices that raises concerns about whether the overdraft costs on consumer checking accounts can be anticipated and avoided.

• Americans Retiring with Record Debt: Survey

  Collections & Credit Risk | June 7, 2013

  A new survey indicates people are starting retirement with record amounts of debt, while counting on borrowing to cover expenses in retirement.

• Pennsylvania Lawmaker Introduces Short-Term Loan Legislation

  Collections & Credit Risk | June 4, 2013

  A Pennsylvania lawmaker has introduced legislation to legalize high-cost, short-term loans in the state.