Credit Access Bill Would Shore Up Financial Literacy
Credit reports and credit scores are valuable tools in the financial services industry. But many consumers could use more education in this area.  more »
Stuart Pratt is president and chief executive of the Consumer Data Industry Association.
Offering consumers more extensive ways to shop and pay whenever, wherever and however has become a competitive advantage for retailers. more »
Dennis Shaul is chief executive of the Community Financial Services Association of America.
The Consumer Financial Protection Bureau is preparing to take the next step in its quest to create new rules for the short-term credit market. more »
Ohad Samet is a co-founder and chief executive of debt-recovery company TrueAccord.
Debt sales are broken. Brokers, buyers and sellers offer books of debt that may be double- or triple-sold, lack documentation, or even be illegally originated. more »
Fran Bishop is the government relations liaison with the National Pawnbrokers Association and a past president of the NPA.
As a pawnbroker for over 26 years and a former president of the National Pawnbrokers Association, I am alarmed and dismayed by the recent wave of banks terminating their relationships with pawnbrokers. more »
Adam Rust is the research director at Reinvestment Partners.
Critics of the Consumer Financial Protection Bureau's proposals to rein in payday loans argue that onerous requirements could force many lenders to shut down, leaving cash-strapped Americans with few options for short-term credit. But the truth is payday loans often leave low-income borrowers in even worse straits. more »
Richard Hunt is president and CEO of the Consumer Bankers Association.
March Madness office pools are in full swing. While sports analysts provide ample entertainment, their predictions have time and again forced me to shell out to my victorious colleagues. For this reason, I shut out the chatter and focus on the stats. more »
Michael Staten holds the Take Charge America endowed chair at the University of Arizona.
The news that the three largest credit bureaus will reform their practices has been hailed as an important step in improving credit-report accuracy. But while the procedures offer greater protection and more transparency, will they truly bring about a significant decline in serious reporting errors? more »
Neil Librock is a managing director at the Berkeley Research Group.
Subprime consumer lending has reached its highest levels since the beginning of the financial crisis. Is the business, having failed to heed the lessons of the financial crisis, primed for another disaster? more »
There are three main areas that collections managers have to concern themselves with when receiving a new placement to work: compliance considerations, contact information and ability to pay. more »
The surprising part of a recent report on U.S. stress tests is not that Deutsche Bank and Banco Santander might fail, but that large banks manage to pass any country's stress tests at all. more »
A North Carolina newspaper published an editorial this week stating that state law, the Affordable Care Act and a series of articles published in 2012 has led nonprofit hospitals in North Carolina to become less aggressive in pursuing former patients who can’t pay their bills. more »
Leslie Parrish is the deputy research director at the Center for Responsible Lending.
Many colleges partner with banks to offer their students special accounts through exclusive bank-school marketing arrangements. Unfortunately, the benefits afforded to students through these accounts are grossly overstated, while the potential harm the arrangements cause can be significant. more »

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