Collection Industry News

Home - Collection Industry News
administrator
Bankruptcy News

Top US banks hike lending rates to highest since 2008; Lira at record low

Three major US banks are raising their prime lending rates to the highest levels since the global financial crisis of 2008, following a hefty interest rate hike by the US Federal Reserve. JPMorgan Chase & Co, Citigroup Inc and Wells Fargo &…
Legal News

Housing market in the United States headed for major slowdown

U.S. home prices are finally falling from record highs notched earlier this year, and they are likely to see even steeper declines in coming months as the Federal Reserve ratchets up its fight against inflation. Prices are already posting the…
Educational News

Government Awarding $1 Billion to Schools for Electric Buses

Nearly 400 school districts across the country are receiving grants totaling about $1 billion to purchase 2,500 “clean” school buses under a new federal program. By MATTHEW DALY Associated Press WASHINGTON (AP) — Nearly 400 school districts spanning all 50…
Government News

Biden, Democrats ‘in a much worse position’ in midterms with tax and spend agenda: Grover Norquist

As President Biden and the Democratic Party still have plans to pump money into the U.S. economy, one tax expert is signaling that a Republican congressional majority could “absolutely” ease Americans’ financial stress. “Here’s the good news – we’ve done this…
Government News

US housing recession could send home prices tumbling 20%, economist says

Megan Henney, September 23, 2022 NC State Endowment Committee member Dennis Gartman and Payne Capital Management president Ryan Payne debate how an aggressive Fed could impact markets on ‘Mornings with Maria.’ U.S. home prices are finally falling from a record…
Bankruptcy News

56% of Americans think the U.S. is already in a recession

Lorie Konish, September 23, 2022 Investor Toolkit Both expert and everyday investors are worried a recession is coming. The good news is there are steps you can take now to limit the negative impact a downturn may have on your…
Educational News

Student loan forgiveness: Here’s the estimated number of eligible borrowers by U.S. state

Ronda Lee, September 21, 2022 The federal government this week unveiled how many student loan borrowers in each state, Washington, D.C., and Puerto Rico are eligible for President Joe Biden’s debt forgiveness, while also reiterating how cancellation could help narrow…
Educational News

58% Of Parents With College-Bound Children Have Changed Their Minds and Now Plan to Apply for Financial Student Aid

Sheetal Shah, September 22, 2022 RIVERWOODS, Ill.–(BUSINESS WIRE)–An annual survey from Discover® Student Loans revealed that 58% of parents with college-bound students didn’t plan on applying for federal aid, but now have changed their minds. According to the survey, 72% of…
Legal News

Consumer confidence falls to all-time low with a third of households just managing to make ends meet

Sarah Collins, September 26, 2022 A third of people were just managing to make ends meet this month, according to a Bank of Ireland sentiment survey. The figure rose to 53pc for lower-income households, Bank of Ireland’s economic pulse survey…
Legal News

CFPB And FTC File Joint Amicus Brief In 3rd Circuit FCRA Case

Weiner Brodsky Kider PC, September 23, 2022 Recently, the CFPB and FTC filed an amicus brief in a Third Circuit FCRA case asserting that furnishers are required to investigate any dispute forwarded to them by a credit reporting company (i.e.,…